Thanks to the Angel Resource Institute and CB Insight and sponsor Silicon Valley Bank for the new “Halo Report” of angel investment in the US.

While California is #1 at angel investing, more interesting is that 79% of angel funding occurs elsewhere. And the median size angel round is $700k, up from $500k a year before. That’s great news for entrepreneurs. Unlike past tech booms, where you’d scratch for nickels and dimes from friends and family early on, the number of angels today has increased and they have major firepower. Combine that with the fact that costs have gone down dramatically (at least with Internet startups), and launching a company becomes much more of a real possibility for many entrepreneurs.

Healthcare and Internet deals are the lion’s share, 60%+ in most US regions. When angels co-invest, they participate in rounds of median size $1.5 million. Two-thirds of the time, there’s a co-investor, meaning another angel outside their group, or a strategic investor or venture fund. This is also good news, because it means everyone is playing together nicely. In past times of less abundance, investors tended to hoard deals. That’s not usually good for the founder. More sharing can mean more funding.

All good news for entrepreneurs.