29 Apr Southwest Angels Gain Share of Deals/Dollars, California Loses
The 2012 HALO Report (http://www.svb.com/halo-
In Texas, the Alliance of Texas Angel Networks (ATAN), an organization formed in 2012 to increase cooperation between angel groups inTexas, has been working to collect comprehensive data that is representative of the Texas angel community. At their March 8, 2013 Texas Angel Day ATAN reported that Texas was second only to California in the number of deals and dollars invested in by angels. This tracks with the HALO Report and their report that Austin based Central Texas Angel Network (CTAN) was 4th overall in the country in the number of deals completed.
The HALO Report indicates no significant move nationwide in Internet sector investments (32.8% of deals in 2011 vs 31.9% in 2012) but a few regions led by the Southwest and California are bullish on mobile technology and bearish on internet technology. Most significantly, the Southwest has taken an aggressive move into mobile & telecom investments increasing investment in that sector from 1.6% in 2011 to 8.4% in 2012. The Southwest continues to lead in, and with, Healthcare deals (31.6% of deals), which is a second or third place industry sector in all other measured regions.
Angel investors in the Southwest region seem to be making the right moves by targeting two hot sectors: Healthcare and Mobile & Telecom. Texas’ history of quality healthcare research when paired with the telecom and mobile companies in the Metroplex, creates the right mix of know-how that will result in innovative startups in North Texas. If the investment trends reported in the HALO Report continues, the Metroplex will be catapulted forward to a leadership position as the hotbed for emerging technologies in the next five to seven years.