Angel vs VC smackdown

Basho Technologies, a Massachusetts-based startup offering software to improve sales performance, has had an interesting ride obtaining funding from investors.  The Wall Street Journal reports that after a year of trying to secure funding with VC’s, they gave up and were pleasantly surprised by the difference in attitude and approach of angels.  They found that angels were much more engaged in meetings, and offered much greater diversity.

According to a University of New Hampshire study,  “the number of [US] venture capital deals fell 10% to 2,550 in 2008, according to VentureSource, the number of angel investments dropped only 2.9% to 55,480 deals.”

Read the full article at WSJ.com