A comprehensive study of high-net-worth individuals, launched by the Angel Capital Association and Wharton Entrepreneurship, reports that 200,000 American angels invest annually an estimated $25 billion in more than 71,000 start-up deals. Business angels supply more than 90 percent of the outside capital for new ventures in the U.S.
Skidaway Island residents are actively engaged in this investment trend. Savannah’s Ariel Southeast Angel Partners (ASAP) has members from across the Southeast, but the Landings is at the center. Approximately one-third of ASAP’s members – including about half of the board of directors – live on Skidaway. In addition, a large portion of the group’s individual investments comes from here, making it one of the biggest Angel groups in the country. Less than one in 20 of angel groups have portfolios exceeding $10 million, but ASAP is poised to reach the lofty milestone later this year.