The brutal economy has slowed venture funding to a tortoise’s pace, and start-ups looking for money are finding themselves out of luck.

For some companies, the answer had been to turn to angels — individual investors who might be able to cough up a few thousand dollars to keep your doors open. But now it appears that even angel investing is slowing.

The Tech Coast Angels, which invests only in Southern California companies and is the largest network of angel investors in the United States, plans to announce Monday that it invested 11 percent less in 2008 than the previous year.

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