Financing High-Growth Firms: The Role of Angel Investors

The OECD has now published the printed edition of this book which presents an exhaustive study of Angel investments, its roots, development and function. Not only interesting for Angels themselves but for seed funds and early stage market players, this book shows us how Angel investment is being crucial to overcome the financial crisis situation.

 Financing High-Growth Firms: The Role of Angel Investors

German research on Crowdfunding and other forms of informal micro-financing

This research piece provided by Joachim Hemer and the German Fraunhofer Insitute for Systems and Innovation Research -ISI- disseminates the ins and outs of this relatively new form of investing in projects and ventures. What are the main characteristics of crowdfunding? What are the key actor-players in this market? Based on the analysis of the relevant empirical data this paper presents the importance of crowdfunding on early stage financing.

 Snapshot on Crowdfunding -short English version

Click here to buy the most complete version of this paper avaliable in German for only 5 Euros!

UK’s largest source of early stage capital funding needs ‘Angel Academies’
 
In the study entitled Business Angel Investing as a Learning Process, the United Kingdom should urgently establish ‘angel academies’ for private investors in order to grow this critical source of funding for new ventures. The call has been made by leading academics from the University of Strathclyde in Glasgow and Queen’s University Belfast, following the findings of a new study which offers a deeper insight into the decision making process of business angels.

 Business Angel Investing as a Learning Process

Research on rates of return for angel investors

Two studies have recently paved the way for better understanding and knowledge of the actual returns made by business angels both in the United Kingdom and in the United States:

 NESTA Research Report: Siding with the Angels 2009
 ACA Return on Angel Groups

Business Angel Investing. A Guide to the Legal, Tax & Regulatory Issues – from the British Business Angels Association

This Guide of FAQs aims to address the many queries that may arise by those considering Angel Investing for the first time. It is hoped that by reading this Guide, those considering investing as an Angel will quickly become more effective and knowledgeable about the legal and regulatory processes surrounding the asset class. This publication addresses a variety of topics including legal, tax and regulatory issues and will be updated as new questions are raised.

 BBAA Guide to the Legal,Tax & Regulatory Issues 2009

Business angel syndicates in Scotland: an exploratory study of gatekeepers

The research set out in this report was facilitated and supported by LINC and NESTA but was carried out independently and the findings and recommendations are those of the authors, Stuart Paul and Geoff Whittam. It is an important contribution to our understanding of the role of business angel gatekeepers and will inform the on-going debate about how best to support early stage businesses in Scotland.

 The University of The West of Scotland: Angel Gatekeepers Report November 2009

Why angels invest: deconstructing the data behind $16.5M of invested capital – a study from venture 360

This report provides educational information around what specific criteria play an actual role in the Angel investors decision process, and which criteria are “stated as important“ by investors yet fail to materialize as an influencing factor in actual investment decisions. For individual investors this data can help cut through emotional bias or stated intentions and identify investors actual decision making patterns to help inform an investor about any potential divergence from their stated investment strategy, and their actual investment decisions.

 Why Angels Invest 2009 Venture 360 Data Report

"The Angel Investor Market in 2009: Holding Steady but Changes in Seed and Startup Investments" by Jeffrey Sohl

The Center for Venture Research’s 2009 Angel Market Analysis Report

 Center for Venture Research 2009 Analysis Report