Market Research UK Business Angel Research - "Siding with the Angels"

Professor Robert E. Wiltbank. Published May 2009.

Published by NESTA in collaboration with the BBAA. This research, the first of its kind in the UK, reports that the sample of Business Angels surveyed stood to make a substantial profit from investing in early stage companies, with the sample benefiting from an average Internal Rate of Return (IRR) of 22 per cent over four years.