16 Pages Posted: 14 Nov 2007 Last revised: 23 Feb 2014
Date Written: November 1, 2007
This study is based on the largest data set of accredited angel investors collected to date, with information on exits from 539 angels. These investors have experienced 1,137 "exits" (acquisitions or Initial Public Offerings that provided positive returns or firm closures that led to negative returns) from their venture investments during the last two decades, with most exits occurring since 2004. Analysis of the data revealed important details of the investment outcomes for angel investors connected to angel organizations.
Keywords: angel investor, returns, angel groups, exits
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