Characterizing business angels – international expanded study

This study is based on previous research that
comprehensively described angel investment and its possible
effects in determining a start-up’s success by analyzing 2,114
business angels by examining their professional and
entrepreneurial experience, academic formation and their
demographic characteristics. Our research brings in three new
cases from China to expand previous research internationally.
This study verifies previous finding that business angels’
professional, entrepreneurial and academic background closely
correlate with their investment in start-ups, and an ecosystem is
created during the process. Additionally, this study shows the
profile of BAs in China and that of BAs in the US may share a set
of similarities.

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