Technology and information services firm, CB Insights is partnering with the Angel Capital Education Foundation (ACEF) and Silicon Valley Bank (SVB) in an effort to “raise awareness of early stage investment activities.” The three entities will combine their resources to create a new report documenting the quarterly activities of angel investors as well as trends. Dubbed the Halo Report, the information will provide entrepreneurs and investors an unprecedented look into angel activities across the U.S. and Canada.
While investors and startups can easily find information on venture capitalist, angel information can be hard to come by. One of the main goals of the Halo Report is to provide transparency into the process which can be the key to getting investment dollars into the right hands.
“Given SVB’s mission to help entrepreneurs succeed,” said Gerald Brady, Head of the Entrepreneur Services Group at SVB, “we are thrilled to be part of this partnership. Together, we will provide more transparency into angel investment activity, along with rich data and analysis that will help inform entrepreneurs’ decisions, as they produce innovative new products and build the next generation of exciting new companies.”
In addition to cataloging funding trending, the report will also provide insight into the country’s long-term sustainability. Creating new business is one of the keys to our nation’s economic health as evidenced by President Obama’s push for more small business creationyesterday. It is vital that entrepreneurs have as much information as possible regarding securing funding. According to Allan May, ACEF Chair, “[t]his partnership provides an important step toward our goal of providing accurate data to help the public understand who angel investors are, how they operate, what their results are, and how angel investment can impact the economic recovery.”
Anand Sanwal, CB Insights CEO and co-founder is also enthusiastic about the partnership and its potential. “We’re looking forward to using our technology and capabilities in partnership with ACEF and SVB to bring greater visibility to this extremely important segment of early-stage investing and to ultimately build data-driven tools that help both investors and the startups they support.” The report will be available via CB Insights database. Interested parties can sign up for the subscription service to access the report and many other helpful tools including the ChubbyBrain service.
The first Halo Report will be available sometime in the first half of 2011.Category: Entrepreneur, Featured | Tags: Anand Sanwal, Angel Capital Education FoundationAngel Capital Education Foundation, angel investors, CB Insights, Entrepreneurship, Halo Report, Silicon Valley Bank