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             It's here... the 2017 HALO Report!


Dear Fellow Angels,
 
First and foremost, all of us at ARI would like to thank the 272 angel groups who contributed your data to this year's Halo Report.  We are in receipt of more data than in years past and are most appreciative of this momentum. Without you, this report could not be produced.  You each are contributing to our shared knowledge and ability to derive insights on angel investing in the US and beyond.
 
We are pleased to present this year's 2017 report.  In years past, we have reported on median deal size, valuation, median angel group investment, as well as trends by region.  We also dove further into gender and ethnicity this year, and tracked information on founders, not just CEO's, of funded companies.   What's new is that we identified the most active angel groups in each region - based on the number of deals a group executed in that particular region - even if they were not themselves as an investor group physically based in that region. In previous years, we tracked the most active angel groups based on number of deals conduced in the region in which they are headquartered.  So don't be surprised to see Houston Angels as one of the most active groups in California(!)  What an important insight to know which groups are showing up in geographies where other groups reside.  These are key findings for further collaboration and syndication. 
 
Please download the full report at your convenience at 
  http://angelresourceinstitute.org/  and share your feedback.
 
This year's report stimulated more areas for further study. We will also remind you to provide your first half of 2018 data by mid-July if possible.  We are especially eager to see more pre-money valuation data in the mix.  One of our most important data points is pre-money valuation, and yet this is the data many groups do not report.  So we ask that you make every effort in 2018 to share this information (which will be kept confidential, as is all of your data). The insights such collaboration brings will prove to be invaluable as you determine community norms by industry and by region. 
 
Again, we share our profound thanks for your participation and support.

Angel Resource Institute
 


About Angel Resource Institute (ARI)
The Angel Resource Institute (ARI) is a 501(c)(3) charitable organization devoted to education, mentoring and research in the field of angel investing. ARI was founded by the Ewing Marion Kauffman Foundation, and is a sister organization of the Angel Capital Association, the professional association of angel groups in North America. The programs of ARI include educational workshops and seminars, research projects and reports, and information about angel investing for the general public. For more information, visit: www.angelresourceinstitute.org

About Florida Atlantic University (FAU)
Florida Atlantic University & FAU Tech Runway support the HALO ReportTM by working closely with the Angel Resource Institute, providing insight and analysis from finance and entrepreneurship professors, as well as significant staff support. This ensures the highest available quality and accuracy in terms of analysis and reporting. More information is available at:  www.fau.edu/research/tech-runway/index.php

About PitchBook
PitchBook, a Morningstar company (MORN), is the industry's leading resource for meaningful information about global VC, PE and M&A activity. PitchBook empowers over 2,000 clients to make the most informed business decisions by providing them with the highest quality information on the entire investment lifecycle through its flagship product, the PitchBook Platform. This award-winning, web-based platform features a powerful suite of integrated technology that meets the diverse, data-driven needs of the private markets. For more information about PitchBook, please visit www.pitchbook.com
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