Angel Investors: Who They are and What They Do: Can I Be One, Too?

12 Pages Posted: 28 Aug 2009 Last revised: 6 Sep 2010

Ramon P. DeGennaro

University of Tennessee, Knoxville - Department of Finance

Date Written: August 20, 2009

Abstract

Angel investors go by many definitions. By all definitions, though, angels investors act as informal venture capitalists and collectively invest at least billions of dollars in thousands of entrepreneurial projects annually. Despite their importance to small businesses and entrepreneurs, angel investments have received comparatively little attention from investment managers and writers. This paper describes the advantages and disadvantages of angel investing and suggests ways for investors to extract the maximum benefits -- both pecuniary and nonpecuniary -- from angel investing.

Keywords: Angel investing, entrepreneurship, startup

JEL Classification: G21, G24, L26

Suggested Citation

DeGennaro, Ramon P., Angel Investors: Who They are and What They Do: Can I Be One, Too? (August 20, 2009). Available at SSRN: https://ssrn.com/abstract=1462551 or http://dx.doi.org/10.2139/ssrn.1462551

Ramon P. DeGennaro (Contact Author)

University of Tennessee, Knoxville - Department of Finance ( email )

423 Stokely Management Center
Knoxville, TN 37996
United States
865-974-1726 (Phone)
865-974-1716 (Fax)

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