Business angel networks are dominated by “voyeurs” who have either no desire or ability to invest in small companies, a new report suggests.
The report, prepared by Professors Colin Mason of Strathclyde Business School and Richard Harrison of Queen’s University Management School, which was commissioned by a consortium led by the Department for Business, Innovation and Skills (BIS), claims that Just 10 per cent of the membership of angel networks actively backed companies seeking funding between 2009 and 2010, the research found. Only 40 per cent of those registered were classed as “actively investing”.
The report findings said the majority of angel network members were either “voyeurs” or were “up to their investment capacity” and would need an exit to start participating again.
Others were "very selective or yet to make their first investment," he added.
To read the full, original article click on this link: Angel networks are dominated by 'voyeurs' who won't invest - Business Matters
