The performance of angel-backed companies
Abstract
We provide empirical evidence of the post-investment performance and survivorship profile of angel-backed companies, filling a long-standing gap within the entrepreneurial finance literature. Using a unique database of 111 angel-backed companies that received angel investments between 2008 and 2012 and at least 3 years of post-investment financial data, we develop an innovative performance metric and show that the performance and the probability...
Paper Details
Title
The performance of angel-backed companies
Published Date
Mar 1, 2019
Volume
100
Pages
328 - 345
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