Angel Investors Do Make Money, Data Shows 2.5x Returns Overall
Gust
OCTOBER 17, 2012
as well as a more detailed description of the distribution of outcomes: Kauffman Foundation Angel Returns Study and NESTA Angel Investing Study. It is not highly concentrated geographically, or in the bubble of 1998-2000, or in any industry. The distribution of returns from the different U.S. and the U.K.,
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