StartupJournal reports that angle investors are “dusting off their calculators and starting to get serious” about doing deals. They are coming together in increasing numbers in both formal networks and informal investment clubs to find good deals to invest in. They also seem to be branching out in the types of deals they are considering. Many angels now seem to be interested in more localized long-term investments in local businesses, including “restaurants, roofing companies and the like.” This is a change from their typical focus on high growth, technology related deals.
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