Summary of The Globalization of Angel Investments

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The Globalization of Angel Investments summary
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Angel investors are rapidly becoming an important source of capital for growing companies around the world, and angels’ influence on firm outcomes may be more powerful than many people believe. Angel participation in businesses improves start-ups’ performance, longevity and growth, according to this scholarly paper from experts Josh Lerner, Antoinette Schoar, Stanislav Sokolinski and Karen Wilson. getAbstract recommends their illuminating work to investors and entrepreneurs interested in global angel investing.

About the Authors

Josh Lerner is a professor at Harvard Business School, where Stanislav Sokolinski is a PhD candidate. Antoinette Schoar is a professor at MIT. Karen Wilson is a senior fellow at Bruegel, a European think tank.



Although angel investors, crowd sourcing platforms and other “individualistic” funding options maintain a lower profile than the venture capital (VC) market, they appear to influence outcomes for start-ups and young companies significantly. Angel investing around the world seems to have been growing, and in some nations, angel financial commitments have long exceeded those of the VC sector. Particularly in countries without developed capital markets, angels’ strong relationships with entrepreneurs help spur business investment and economic activity.


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