Calling Would-Be Angel Investors: There’s a State That Has a Deal for You.


Originally published in Entrepreneur

By Matt McCooe

If you’re an angel investor or interested in becoming one, tax credits are popping up across the country, stimulating a form of trickle-down economics that actually works. By funding startups of all kinds, people are choosing to invest their earnings in high risk/high reward companies, placing their own bets instead of letting the government do it for them.

And why wouldn’t they be thinking about angel investing, when many of their friends are already in? The amount of capital invested in seed and angel rounds last year rose 44 percent year over year, and the overall number of angel and seed deals spiked by 30 percent. As angel investments rise, states and investors alike are paying attention.

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Matthew McCooe is CEO of venture-capital firm Connecticut Innovations.