Over past few years, angel investments have picked up in India, but the wide gap between quantum of angel investments and later stage investments remains. Some sense of where we need to head – For US,

The data from the University of New Hampshire’s Center for Venture Research show angels invested $8.5 billion in the first half, a 6.5% decrease over the first half of last year. They backed 25,200 entrepreneurial ventures in the first half, 3% more than the same six months in 2009. (Get the survey results here in PDF format.)

The number of active investors was 125,100 individuals, an 11% drop from last year’s first half.

Fly angels, fly!

Alok Mittal

Alok is a first generation entrepreneur, now in the venture capital business. Alok heads up venture operations for Canaan Partners in India, with focus on internet, technology and BPO space. Alok is also a founding member of Indian Angel Network - an organization comprising successful entrepreneurs looking to invest in seed stage businesses. Prior to this, Alok cofounded JobsAhead.com, a leading job portal which was acquired by Monster.com. Alok is an active charter member of TiE Delhi. Alok is a computer science graduate from IIT Delhi and, postgraduate from UC, Berkeley.

The views expressed on this site are personal views of Alok, and do not constitute an offical opinion of any company or organization.

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