In 2007, Professor Rob Wiltbank reported in Returns to Angel Investors in Groups that angel investors made follow-on investment in about 30% of their invested companies. It was surprising for me to learn that follow-on investments correlated with lower returns, that is, angels that made follow-on angel investments saw returns of 1.4X their investment, while […]
Posts Tagged 'Wiltbank Study'
Angel Investor Portfolio Strategy In an earlier post, I addressed the issue Is a Respectable ROI an Achievable Metric for Angels? and concluded that, under certain conditions, reasonable returns could be achieved from an angel’s portfolio. My conclusions were based on a study by Professor Rob Wiltbank at Willamette University (near Portland, OR) Returns to […]