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By Linda Stern
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Those early-stage individual investors known as angels are getting organized. It's part of the smarter investing style that's taken hold after the bubble burst. The new Angel Capital Associa-tion plans to have its 7,000 members share "best practices" on how to dole out the dollars.
Today's angels want to seed companies that won't soon supplant them with bigger VC firms, says Jeffrey Sohl, director of the University of New Hampshire's Center for Venture Research. The center estimates angel investment this year will surpass $22 billion, up 12 percent from 2003.
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