2022 angel investing statistics for Hurt Family Investments

Hurt Family Investments is our family office (we’ve been doing this for 11 years, following successful exits at Coremetrics and Bazaarvoice, my prior startups):

1. We invested 19% more in startups and VC funds this year than last.

2. We made 26 investments, over two per month. 7 of these were commitments to new VC funds. 10 were investments in existing portfolio companies. The remaining 9 were investments in new startups.

3. 83% of our total deployed capital in 2022 occurred in the first six months of the year, with only 17% for the remaining six. This is directly correlated with the slowdown in startup investing overall.

4. Out of the 19 direct investments in startups, 7 are SaaS and another 4 have subscription economics.

5. We only had one exit, which is our lowest year for liquidity since 2016, and it was for a SaaS business. Last year was a record year for exits in our portfolio, not surprisingly.

I expect that our 2022 investments will be some of our best returns in the future. The best funds and companies tend to be formed in challenging economic environments because you have no choice but to focus on your business model and customers early, leading to less waste.

More on our investment strategy in my book, Chapter 22 of The Entrepreneur’s Essentials.