By the numbers: Angel investing, VC backing, and VC board seats

By Mass High Tech staff

Video Gallery

MHT's Galen Moore: Honoring innovation in New England

Companies born in the recession

MHT's Efrain Viscarolasaga: Tech companies may have to wait for stimulus funds

Spin Transfer whips up $36M in first round [February 13, 2012]

Oxford Immunotec taps Altieri as CFO [February 13, 2012]

SeraCare selling to Linden for $82M [February 13, 2012]

UtiliData finds more funding from Braemer [February 13, 2012]

Angel investing: Dollars down, deals up

The Center for Venture Research at the University of New Hampshire says that 24,500 entrepreneurial ventures received angel funds in the first six months of 2009, but that they shared a shrinking pool of funds

27%   The drop in angel investment dollars in the first half of 2009 versus the first half of 2008
6%   The increase in the number of ventures getting angel funds in the first six months of 2009
19%   The drop in the number of investments in seed and startup investments
58%   The increase in number of investments in post-seed/startup ventures

Source: The Center for Venture Research at the University of New Hampshire

The road back

After tanking in late 2008 and early 2009, venture capital investment has edged higher in each of the past two quarters in New England and nationwide

	Q1 08	Q2 08	Q3 08	Q4 08	Q1 09	Q2 09	Q3 09
New England deals	121	128	119	109	73	79	86
New England value	$856M	$804M	$853M	$798M	$437M	$487M	$558M
U.S. total deals	1,015	1,067	994	904	616	657	1,910
U.S. total value	$7.65B	$7.44B	$7.16B	$5.70B	$3.32B	$4.12B	$4.81B

Source: PricewaterhouseCoopers/National Venture Capital Association

Most VCs hold 3 to 5 board seats

While some VCs sit on eight or more boards, 55 percent serve on three, four or five boards

Seats per partner:

One 5%

Two 15%

Three 16%

Four 21%

Five 18%

Six or more 25%

Difference of opinion

VCs and CEOs differ in their views on the ideal number of board seats for VCs (averages)

Early stage companies

VCs — 4.6
CEOs — 3.8

Later-stage companies

VCs — 5.4
CEOs — 4.2

Source: Dow Jones VentureSource and National Venture Capital Association

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