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Rise of the Angel Investor: A Challenge to Public Policy

23 September 2016

study comparing angel investing to venture capital, by Josh Lerner at HBS and Antoinette Schoar at MIT Sloan, found startups funded by angels are 14% to 23% more likely to survive for the next 1.5 to 3 years and grow their employment by 40% relative to non-angel funded startups, and have a slightly higher likelihood of a successful exit.