The Future of Angel Finance
DeGennaro, Ramon P. and Eric L. Dobson. “The Future of Angel Finance.” In The World Scientific Reference on Entrepreneurship. Volume 2: Entrepreneurial Finance: Managerial and Policy Implications. Ed. Donald Siegel and Na Dai. 2017. 91-107
15 Pages Posted: 3 Jan 2018
Date Written: June 11, 2015
The market for small-firm funds is constantly in flux. Imbalances in both the supply and the demand for capital can trace either to the flow of funds or to the flow of available deals. The legal environment can and does change, and can sometimes drive temporary supply and demand imbalances. Technological forces change the mechanisms that match suppliers of capital with those who demand the funds. During such periods, temporary problems matching suppliers of capital with entrepreneurs can occur. This shifting landscape both plagues markets and offers opportunities for market participants and researchers alike. Before discussions can be fruitful, though, we first address (but, we must admit, fail to answer) the prior question: What is an angel investor?
Keywords: angel finance, small-firm finance, private equity
JEL Classification: G00, G29, G30, G39
Suggested Citation: Suggested Citation