Some pretty impressive research published by Harvard Business School's William R. Kerr and Josh Lerner, and MIT's Antoinette Schoar. Check it our here.
Among their findings:
- "Angel-funded firms are also more likely to show improved venture performance and growth as measured through growth in Web site traffic and Web site rankings. The improvement gains typically range between 30 and 50 percent."
- "Investment success is highly predicated by the interest level of angels during the entrepreneur's initial presentation and by the angels' subsequent due diligence."
>>This is a very interesting observation -- I would add that a pre-existing business relationship between one of the angels in the group and a founder also makes a big difference.
-"Access to capital per se may not be the most important value-added that angel groups bring. Some of the "softer" features, such as angels' mentoring or business contacts, may help new ventures the most."
>>This last point is something that we at AngelVineVC have noticed for the last several years -- as the NYC angel and tech community strengthens and grows, the mentoring and business collaborations are critical to helping entrepreneurial ventures push past the inevitable rough spots, find executive talent, and provide access to key customers and business partners.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment