How Wealth Fuels Growth: The Role of Angel Investment
Cato Institute, Policy Analysis No. 921
44 Pages Posted: 18 Nov 2021
Date Written: September 29, 2021
The role of wealth in the economy is the focus of much policy debate. This study examines wealthy individuals as “angel” investors, who fund startup businesses. Angel investors provide a unique source of support for America’s entrepreneurs, particularly in leading‐edge industries.
Keywords: Investment, Angel Investors, Economy, Entrepreneurship, Economic Growth, Innovation
JEL Classification: E22, E20, E00, E2, E5
Suggested Citation: Suggested Citation