In 2022, medicine was the most popular field where angel investors invested in Germany, with over 2,800 investments. E-commerce was the only other industry with over 2,000 investments. The gaming indu
According to a 2023 survey, 51 percent of the angle investors that responded to the survey have exited more than 50 percent of their investment at the growth stage in India. Only four percent of the a
This paper provides novel, large-scale evidence on the returns to angel investing. Returns are extremely right-skewed: most lose money, the top one percent return more than fifty times invested capita