Business angels in Germany: A research note

Malte Brettel

Venture Capital, 2003, vol. 5, issue 3, 251-268

Abstract: This paper provides an introduction to the informal venture capital market in Germany. It is based on a survey of 48 business angels. The results show that business angels in Germany make investments that close the equity gap. German business angels also provide advice and support to their investee companies. Their investment behaviour is comparable to business angels in the UK and the USA. The biggest difference is that German business angels are richer and allocate a smaller portion of their wealth to informal investments. They are motivated by the desire to have fun and to help their investee companies, as well as seeking capital growth. Although the findings cannot claim to be representative for all German business angels, they are comparable with the results of other studies in Germany.

Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://hdl.handle.net/10.1080/1369106032000122095 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:veecee:v:5:y:2003:i:3:p:251-268

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/TVEC20

DOI: 10.1080/1369106032000122095

Access Statistics for this article

Venture Capital is currently edited by Colin Mason and Richard T. Harrison

More articles in Venture Capital from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().