Abstract
Empirical examination of business angels in Germany reveals a thriving market for investment opportunities and investor satisfaction. Although angels accept less than 10% of the opportunities offered, Germany's informal equity investors provide an important resource to bridge the financing gap for entrepreneurial startups having capital requirements under 1 million DM. The majority of angels interviewed bring a wealth of business acumen, as well as personal networks and industry knowledge, to assist their management teams.
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Business Angels in Germany
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