Social Venture Partners Boston
Bob Mason, a cofounder of Brightcove, has made six angel investments in local start-ups.
Yesterday I highlighted a brief on the growth of angel investing nationally, and today the Globe’s Michael Farrell took a deeper look at the Center for Venture Research report (Globe subscribers only).
And there’s some good news for all the entrepreneurs I talk to who say Boston is lacking in angels: Things are getting better. While a survey indicates Boston still lags in angels (link to PowerPoint) compared to New York and San Francisco, angel investing across the country is up 3.7 percent over this period last year, and C.A. Webb, executive director of the New England Venture Capital Association, told Farrell that more successful start-ups today will mean more investing down the road.
”It will only benefit this ecosystem to have more angels,” he said. “Part of how that will happen will be having really successful entrepreneurs who have money in their pockets to go invest in rising stars.”
Brightcove’s Bob Mason has already been an excellent example of that, having provided angel investments in six local companies, in part to help build the entrepreneurial community he said he lacked when starting his own company.