Dodd-Frank Act Changes to Investment Adviser Registration Requirements

That only certain angels and entrepreneurs operate through networks has been confirmed in an older survey of the European Commission (2002), which revealed that only around 19% of contacted angels were registered with networks, and about 2% of new entrepreneurs contacted a network. Nevertheless, an update of this survey would most likely result in a higher degree of organization today. An important element of Business Angels’ activities is often, in addition to financial support, the provision of non-financial benefits, e.g. in the form of contacts, reputation (signaling), mentoring and strategic advice, sometimes even operational collaboration (see Politis and Gabrielsson,...