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BioWorld - Sunday, March 1, 2026
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Home » Funding Challenges Explored: Angels and crowdfunding emerging as replacement early stage funding sources
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Funding Challenges Explored: Angels and crowdfunding emerging as replacement early stage funding sources

Feb. 11, 2014
By Omar Ford
One would be hard-pressed to argue that 2008 wasn't an eventful year. Barrack Obama was elected 44th president of the U.S.; Delta Air Lines merged with Northwest Airlines, creating the world's largest airline and reducing the number of U.S. legacy carriers to 5; Bernard Madoff was arrested and charged with securities fraud in $50 billion Ponzi scheme. It was also the year that everything changed for med-tech firms seeking investment dollars as stock exchanges saw some of their steepest declines ever, and the Dow Jones Industrial Average fell 777.68 points, the largest single-day point loss in its history.
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