ne of ACEF's main goals is to gather robust data on angel groups, so that the foundation and academic research community can analyze the data and produce research that informs policy makers, entrepreneurs, investors and academia. The first initiative in this area is "Angel Tracker," which collects data on investments made by angel groups on a quarterly basis.

The Web-based data collection tool, which had data similarities to the PWC MoneyTree Survey, is open to all interested angel groups at no charge. Interested angel groups should contact Marianne Hudson via email for more information.

In addition to the data collection took, ACEF has assembled a collection of research studies:

	Angel Finance: The Other Venture Capital Andrew Wong, University of Chicago, January 2002
	Angel Investing: Changing Strategies During Volatile Times Jeffrey E. Sohl and William Wetzel, Center for Venture Research, University of New Hampshire, 2002
	Angels on Angels: Financing Technology-Based Ventures – A Historical Perspective John Freear, Jeffrey E. Sohl and William Wetzel, Accepted August 2002 in Venture Capital (Vol. 4, No. 4, 275-287)
	InvestorPulse UK Angel Attitude Survey: A qualitative survey in UK Business Angel attitudes, preferences and views in 2002 and 2003 Paul Gardner, c2Ventures, Ltd (www.c2ventures.com), 2003
	The Private Equity Market in the USA: Lessons from Volatility Jeffrey E. Sohl, Center for Venture Research, University of New Hampshire, October 2002
	Success Factors in Technology-Based Entrepreneurship John T. Preston, MIT Entrepreneurship Center, Updated August 2001
	The US Angel and Venture Capital Market: Recent Trends and Developments Jeffrey E. Sohl, Center for Venture Research, Published in Journal of Private Equity, Vol. 6, No. 2, 2003, pgs 7-17.
	Venture Support Systems Project: Angel Investors Lucinda Linde (Marlin Capital) and Alok Prasad (Pittiglio, Rabin, Todd & McGrath) under the direction of Kenneth P. Morse and Matthew Utterback of the MIT Sloan School and Howard Stevenson and Michael Roberts of the Harvard Business School, February, 2000.

For access to additional research, we recommend these Web sites:
Center for Venture Research, University of New Hampshire

Frontiers for Entrepreneurship Research 2002
Babson-Kauffman Entrepreneurship Research Conference.
Got to Section XII, “Informal Investors/Angels

Angel Equity, a quarterly survey and study of business angel activity in the US