] In recent years, there have been quite a few
] entrepreneurs wandering around with good ideas (at least
] in their heads), but unable to raise capital. There are
] no more angels willing to invest hundreds of thousands of
] dollars. The number of venture capital funds making seed
] investments has sharply contracted, and those still
] willing to invest do so only after long and painstaking
] study, especially in cases of entrepreneurs without prior
] experience.

Interesting interview with the founders of Huminity...

Globes [online] - No favors