Harrison, 1996a, "Why Business Angels Say No: A Case Study of Opportunities Rejected by An Informal Investor
Syndicate", International Small Business Journal, 14, 35-51.
Bygrave and Quill (2007) estimated that in 2006 there were 208 million active informal investors
in the 42 countries and that they invested USD $600 billions (1.
But while the availability of venture capital in Wales is important in encouraging the development of high growth businesses, policy-makers also need to be aware of the crucial nature of the start-up capital provided by entrepreneurs themselves and informal investors
In other places, informal investors
finance up to 20 times the number of small businesses as do institutional venture capitalists, however such informal investment is still a rarity in this country," he says.
Together with other informal investors
he founded Business Angels Technostarters BV (http://www.
such as business angels are also a possible source of such finance, although it is becoming clear that the entrepreneur seeking such finance must have the knowledge and ability to identify a feasible development project and produce a supporting business plan to realise it.
LINC Scotland brings the "angels" in the shape of informal investors
into contact with new and developing companies in need of funding.
AMSTERDAM -- On April 14, 2011, IIP closed a round of funding with informal investors
to fuel growth and create extra capacity within the FUGA (www.
Policymakers, educators, and researchers must pay more attention to informal investors
and less to venture capitalists.
The research also showed that the average amount of funds required by a new business was around pounds 28,550, with the entrepreneur providing around pounds 18,000 of that and informal investors
providing the difference.
8 percent of the start-up capital; hence others, principally informal investors
, provide the remaining 34.
More than $100,000 of this financing was from outside equity investors such as venture capitalists and other informal investors