Fool's Gold
Oxford University Press Inc (Verlag)
978-0-19-533108-0 (ISBN)
Unfortunately, Shane observes, this figure bears no relationship to reality. In Fool's Gold, he draws on hard data from the Federal Reserve and other sources to paint the first reliable group portrait of the lionized angel investors. Surprisingly, he finds that they are fewer, contribute less, and involve themselves in fewer start-ups than the conventional wisdom suggests. Most angels typically still have their day jobs, make investments of $10,000 or less, and take little or no role in assisting entrepreneurs build their companies. Few of the companies they put money into arrive at IPOs, let alone massive returns. But angels can play a critical role, he writes, if the fantasy is abandoned by all concerned. Drawing on his rich store of data, Shane offers recommendations to entrepreneurs and angels alike for the most productive use of angel investing, and suggests how policymakers can encourage it. Particularly promising are angel groups, which pool knowledge and money for wiser and more productive investments. In groups, angels can rely on each other's expertise, share the labor of performing due diligence, and generally insure that their money is being placed--and used--wisely. Fostering the formation of such groups may be the single most important thing that government can do to boost angel investing.
Massively researched and briskly written, Fools' Gold offers the first real resource on this misunderstood aspect of our entrepreneurial system.
An angel investor with the North Coast Angel Fund, and a professor of entrepreneurship at Case Western Reserve University, Scott A. Shane is the author of Illusions of Entrepreneurship, among many other books and articles.
Chapter 1: What is Angel Investing and Why Do People Do It? ; Chapter 2: How Big is the Angel Capital Market? ; Chapter 3: Who are the Angel Investors? ; Chapter 4: How Many Companies Need Angels? ; Chapter 5: What do Angel Investments Look Like? ; Chapter 6: Who gets Angel Money? ; Chapter 7: How does the Angel Investment Process Work? ; Chapter 8: How Well Do Angel Investments Perform? ; Chapter 9: What are Angel Groups? ; Chapter 10: How do the Best Angels Invest? ; Chapter 11: What Makes a Place Good for Angel Investment?
| Erscheint lt. Verlag | 29.1.2009 |
|---|---|
| Reihe/Serie | Financial Management Association Survey and Synthesis Series |
| Zusatzinfo | 20 line illustrations |
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 236 x 157 mm |
| Gewicht | 544 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| ISBN-10 | 0-19-533108-7 / 0195331087 |
| ISBN-13 | 978-0-19-533108-0 / 9780195331080 |
| Zustand | Neuware |
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