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ORIGINAL:

What is an Angel Investor?

Originally, the term was coined to refer to the people who financed broadway plays when all else failed. Today this term has become common among the investment community to refer to a high net-worth individual that invests their own personal funds in various businesses. In the UK, it is estimated that there are well over 200,000 potential angel investors that annually invest approximately 3 billion in UK businesses and currently own over 12 billion in existing equity. This represents roughly 7% of what the banks are investing. As well, statistics show that this figure trumps that of venture capital lending. The UK labour market and productivity centre estimates that angel investments have financed approximately twice as many firms as any other form of external equity investment, including institutional venture capital.

What is a Typical Angel Investor Profile?

Angel investors are usually wealthy, well-educated, self confident, ambitious and mostly male aged 45-55. They have probably sold a business or taken early retirement as a senior executive, exits sought after five years, utilising the income and capital gains tax relief available under the Enterprise Investment Scheme (EIS), seeking high capital growth, i.e. 35% / 40% per annum compound, usually seeking some active management involvement, often quirky / motivated by a wide range of desires and preferences, investment decisions may be driven by moral /social dimensions/personal experience, seeking enjoyment and personal satisfaction, completes his/her own due diligence, values business on a combination of earnings based-method / gut feelinvests within one/two months of identifying opportunity and may have up to four investments running at one time.

Angels are also extremely discerning in the projects that they will invest in (rejecting, on average, approximately 97% of the proposals submitted to them). Angel investors typically invest in a business after the entrepreneur's love capital (capital from relatives and friends) has been exhausted, but before the firm has reached a stage at which it will be eligible for venture capital investment. Angel investments typically range from about £15,000 to £300,000, although investments may range upwards of £500,000. Research also indicates that, historically, most angel investors seek to invest close to home-within a 100 mile radius of where they live.

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RE-WRITTEN:

What exactly does "Angel Investor" mean?

An "Angel Investor" was primarily the unique term given to refer to those who sponsored plays in Broadway when no one else wanted to. In contemporary time, the term is popularly used by the investment population in referring to someone with a high net-worth who uses his own personal fund to finance numerous businesses. In fact, it is approximated that there are more than 200,000 potential angel investors in the United Kingdom (UK) alone. These angel investors in the UK are reckoned to devote roughly 3 billion in UK businesses and at the present own at least 12 billion in existing equity. These figures stand for 7% of banks' investments. Likewise, these numbers are estimated to be greater than those of venture capital lending. The labour market and productivity centre of the UK approximates that angel investments have funded roughly twice as many firms as any other form of external equity investment, even that of institutional venture capital.

How do you describe a typical Angel Investor?

The majority of angel investors are affluent, erudite, self-assured, "go-getters", and are commonly males aged 45 to 55. They are likely to have sold a business or gone in an early retirement as a senior executive, exits done after five years, using the income and capital gains tax relief available according to the Enterprise Investment Scheme (EIS), desiring high capital growth (perhaps 35% / 40% per annum compound), often wanting certain active management involvement, and are frequently idiosyncratic / inspired by a variety of wants and preferences. Their decision to be a sponsor is perhaps because of moral /social dimensions/personal experience, their pursuit of enjoyment and personal contentment. An angel investor often completes his/her own due persistence, regards business on a combination of earnings based-method and gut feeling, decides to put an investment in one or two months after finding the perfect occasion, and can maintain as many as four investments at a time.

These angel investors are likewise highly selective in making their investments. In fact, they put down, on average, almost 97% of the investment ideas brought before them. They usually sponsor a business after the entrepreneur's so-called "love capital" (capital which comes from relatives and close friends) has been used up, but before the prospective firm has reached the point in which it could receive venture capital investment. Investments of these angel investors are often between £15,000 and £300,000, but some may invest up to £500,000. Research also points out that, by and large, angel investors prefer investing in a firm near to them, often within a 100-mile radius of their residence.