What Scott Banister looks for as an angel

f you're an angel investor, I bet you'd love to have Scott Banister's line-up of angel deals.

Scott is an investor in Facebook, Powerset, Hi-5, Zappos and Zivity - a company he co-founded with his wife Cyan and helped raise $7 million for. Zivity recently announced that it hired Jordan Ritter as is CTO. Ritter co-founded music-sharing site Napster. (Also watch my interview with Cyan and story about Zivity, titled: You know it when you see it.)

Scott is also best known for being a co-founder of IronPort, which he sold to Cisco Systems for $830 million last year, and being an early investor and Board member of PayPal, which was sold to eBay back in 2002. Apparently, Scott has made some good bets and has a solid circle of business relationships. To this end, what Scott thinks is a good investment and what he thinks of the current investing climate is worth listening to. "Things have slowed down," he said. "Anytime the financial markets get shaky, then people have a tendency to want to retreat to cash." Indeed, if you were an investor in Bear Stearns, I'm sure you would be feeling pretty strapped.