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-report 2009
 ACA Returnonangelgroups

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_Nov2009

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-venture360datareport

"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