This Report was commissioned to identify the importance of business angel investment in the UK, summarise previous approaches to mapping the scale and scope of the business angel market, identify new approaches to measuring business angel activity and assess the implications for policy.A...

The ultimate purpose of investing in an entrepreneurial business is to achieve a financial return. Yet there is little discussion in the entrepreneurial finance literature on the exit process and only limited evidence on returns. This chapter focuses on business angels. It argues that the main...

This study examined the impact of distance on business angel investing in the UK. It identified a number of significant relationships between deal characteristics and the distance between the investor and the business. Investments in technology-based ventures, those involving co-investors and...

The nature of angel investing has changed over the past decade with the emergence of angel groups and a new actor – the angel group manager, or gatekeeper, whose primary role is to undertake the initial screening of investment opportunities. Each of the individual members of the groups then...

Business angel investing – a key source of finance for entrepreneurial businesses – is evolving from a fragmented and largely anonymous activity dominated by individuals investing on their own to one that is increasingly characterised by groups of investors investing together through managed...