LinkedIn Is A Reason Startups Raise More Money, Angel Investor Says

There's a new trend in the venture funding world where startups are landing really big seed rounds of well over $1 million. They're doing this by getting handfuls of angel investors involved, says Larry Augustin, a longtime angel and CEO of SugarCRM, a maker of business-application software. Huge seed rounds are driven in part by social networks like LinkedIn, he believes, because it's become so much easier to find angels or stay in touch with the ones you know. While this sounds like good news,...