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- W2234169071 abstract "This empirical study reports that returns on investments made by business angel investors are significantly higher than those made by non-angels and returns on investments made by love money investors are, on average, dismal. This finding reinforces warnings that it may be counterproductive for public policy to encourage “amateur” informal investors, yet stimulation of value-adding business angel investment seems well-advised. The relative sizes of the main segments comprising the informal market were estimated. Love money accounts for more than three times as much annual investment as business angels, who in turn invest more than twice as much annually as institutional venture capitalists." @default.
- W2234169071 created "2016-06-24" @default.
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- W2234169071 date "2008-01-01" @default.
- W2234169071 modified "2023-09-23" @default.
- W2234169071 title "Business angels and informal investors: on the size and structure of the informal market for risk capital" @default.
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