The numbers are meant to be general, not absolute. Note that I put "depending on region" as a disclaimer for some folks who "might" object.
Out of touch with start-up funding? Ouch. we've been at it for 8 years....
Primariy point is to show that there "is" a gap. Be it the Atlanta, Boston, SV, Ft. Wayne, Charelston, etc.
Angels and angel groups have different models. So, don't judge many by the actions of a few that you are familiar with.
Angels individually invest $25,000-$100,000. But as a group, can do $250,000- $1M plus(rare).
Knox Massey
