Start-up businesses had a banner year in 2022. In contrast to the drop in venture capital funding (down 35% in 2022 to US$445 billion compared to US$681 billion in 2021), angel and seed investors made a record-breaking combined investment of US$36.2 billion in 2022, according to CB Insights.

While the Small Business Administration estimates that more than 250,000 individual angel investors provide capital for about 30,000 businesses in the U.S every year, there are also more than 250 organized angel investor groups, according to Jo Ann Corkran, co-CEO of Golden Seeds, a New York City-based angel investor group with nearly 350 members. READ MORE