BUSINESS ANGELES – SOURCE OF FINANCE

Aleksandra Stankovska (), Elizabeta Stamevska () and Savica Dimitrieska ()
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Aleksandra Stankovska: European University - Republic of Macedonia, Skopje
Elizabeta Stamevska: European University - Republic of Macedonia, Skopje
Savica Dimitrieska: European University - Republic of Macedonia, Skopje

Entrepreneurship, 2018, vol. 6, issue 1, 108-117

Abstract: Business angels have long been recognized as an important source of finance for entrepreneurial businesses, particularly in the start-up and early growth stages when the financial support required is too small to be economic for Venture Capital fund investment. The current study aims to provide an overall picture of the business angel market in Europe, USA, Canada and Japan. Angel investors play a key role in the development of economies, as many successful entrepreneurs decide to help up-and-coming startups with funding and mentorship. They invest partly for the returns, which can be exceptionally high, and talk about return of capital in multiples, not percentages. But equally importantly, many of them invest because they have something more to offer their investee companies such as skills and knowledge.

Keywords: business angels; source of finance; business angel market; skills and knowledge (search for similar items in EconPapers)
JEL-codes: N20 O16 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:neo:epjour:v:6:y:2018:i:1:p:108-117

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