How Many Start-ups Hit Angels’ Growth Targets?
Many observers say that angels have high growth targets for the companies in which they invest. Some of them say that businesses need to project $50 million in sales in six years to be angel-appropriate, while others say that the target needs to be $100 million in that time period for the company to be right for angels.
At the same time, a number of estimates indicate that more than 50,000 companies receive an angel investment in the United States every year. And many experts say that ten percent of angel backed companies meet the investors’ sales growth expectations. Therefore, you might expect that around 5,000 angel backed companies hit angels’ growth targets every year. Read full story:
Technorati Tags: Small Business Trends, Scott Shane, A. Malachi Mixon III, entrepreneurs NCET, Nevada’s Center for Entrepreneurship and Technology
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