Financing High-Growth Firms : the Role of Angel Investors.

This report covers seed stage financing for high growth companies in OECD and non-OECD countries with a primary focus on angel investment. The paper provides an overview of angel financing, including a description of how it has evolved in OECD and non-OECD countries and policy interventions taken within some countries. ""Foreword"" ""Acknowledgements"" ""Table of contents"" ""Executive summary"" ""Overview of financing for seed and early-stage companies"" ""Project overview"" ""Background on financing for seed and early-stage companies"" ""References"" ""Angel investment: Definitions, data and processes"" ""Definitions of angel investment"" ""Angel investment process"" ""Data on angel financing"" ""Notes"" ""References"" ""Trends and developments in the angel market around the world"" ""Some of the key success factors for angel investing"" ""Challenges for the angel investment market"" ""Recent trends and developments""""Evolution by region/country"" ""Notes"" ""References"" ""The role of policy in facilitating angel investment"" ""Overview of public intervention in seed/early-stage financing"" ""Targeted angel financing policies"" ""Supply-side measures"" ""Demand-side measures"" ""Conclusions and further work"" ""Notes"" ""References"" ""Annex A. List of interviewees"" ""Annex B. List of national angel associations/federations of networks""