California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

Despite a slowing U.S. economy, angel investors are optimistic about the climate
for investments in early-stage companies during 2008, according to a new survey
by the Angel Capital Association (ACA).

The survey identifies that the quantity and quality of entrepreneurial investment
proposals will increase this year, with the number of investments growing slightly.
Nearly half of angel organizations expect deal flow to improve in both quantity and
quality this year, and they expect investment activity to continue at the same level
or increase somewhat this year over 2007.

Nearly 55 percent of the respondents said that the number of investments and total
dollars invested will increase this year, with another 32 percent believing that the
activity would be the same as 2007.

"These predictions may indicate that sophisticated angel groups and perhaps other
private investors have different reactions to economic challenges than public markets,"
said John May, chairman of the ACA. "We have found that new entrepreneurial
opportunities can arise in turbulent times like these." Currently, there are about 275
angel groups operating in the U.S. and Canada, up 65 percent since 1999.

I am Tim Johnson and this has been the California Business Minute.

For further information see www.AngelCapitalAssocation.org

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                                                             Bob Slobe
                                                             Businessman
                                                             Philanthropist
                                                             All Around Great Guy