angel investors

Tim Bradshaw

Tech entrepreneurs are fleeing from social networks and advertising revenue streams and moving into business applications, according to Seedcamp, the start-up investor that holds its annual event in London later this month.

Seedcamp – which was founded by Index Ventures’ Saul Klein and Reshma Sohoni, formerly of 3i – has seen advertising-based business models drop from 30 per cent to 10 per cent of the 1,500 entries to its Pop Idol-style investment contest since 2007.

By contrast, marketplaces that take a fee or percentage of transactions have risen by more than 60 per cent in the last three years, while “freemium” businesses have more than doubled. Productivity and business applications have increased 90 per cent while online games have “skyrocketed”, said Ms Sohoni. Read more

Tim Bradshaw

Dopplr, one of the darlings of the early adopter crowd, announced an all-star roster of angel backers today.

A social network primarily aimed at business travellers, Dopplr informs its users when serendipity delivers themselves and their frequent-flier contacts to the same city. Read more