<title>Abstract</title> This paper examines the process that business angels undertake when they invest in new and small businesses. Existing research has generally taken a disaggregated approach and focused on individual stages of the investment process. Based on the empirical evidence gathered from 30...

This paper focuses on supply-side issues relating to access to bank finance by entrepreneurs in Scotland. We analyse bank manager decision making of real business propositions through verbal protocol analysis. The paper discusses the nature of the decision-making process from interviews with...

Business Angels are private individuals (or syndicates) who supply venture capital to businesses, mainly small start-up firms, in an informal investment market setting. This paper presents a preliminary analysis from the first phase of a research project that explores the emergence of Business...

The objective of this paper is to examine the role of the individuals who control access to and manage much of the day-to-day operation of informal investment syndicates. We give these people the name business angel gatekeepers. Guided by an analytical framework developed from the research and...

This paper addresses the lack of knowledge about business angels based in Scotland. An understanding of the informal investment market is important given that Scotland has recently achieved devolved powers and business start-ups are a priority of the Scottish Executive. Based upon 140 replies to...