Super Angel vs. VC [video]
A report on emerging technology companies released today by PwC shows that for the second straight year, angel investors have taken over as the primary funding source for these companies, with venture capitalist fundraising at a 16-year low.
Overall, 53% of respondents to PwC's survey who raised money last year received their funding from angels, compared to 8% who received funding from venture capitalists.
The 50-page report polled over 160 CEOs of emerging Canadian software companies on a variety of topics including growth, marketing, raising capital, research, talent recruitment and mergers.
