Angels invested $24 bn in more than 73,000 companies in 2014 in the US.  An estimated $8 bn was in the start-up/seed phase as compared to $1.5 bn invested by US VC's (3% of VC fundings)

Despite this, and the fact that emerging companies are the primary drivers of both job growth and GDP growth in the US. they remain under researched as an asset class. The resources below represent valuable insights for potential investors wishing to know the returns of angel investors.  


Academic Research Studies