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The Impact of COVID-19 on the Investment Process 4.2
A ngel organizations were invited to comment on how their members have changed their investment be- haviour during the COVID-19 pandemic, including their investment criteria, investment preferences and their investment processes, and what changes they have made to their processes and operations in response to pandemic restrictions to support their investors.
became more cautious and risk-averse in response to the uncertainties that the pandemic had created. Many paused their investment activity as they waited to see what changes would occur, focusing on supporting their existing investee companies with follow-on and bridge- bridging investments and were less willing to seek new investment opportunities. However, there was an appe- tite amongst some investors to invest in pandemic-re- silient opportunities, typically digital innovations. Angel organizations reported an increasing appetite of inves-
COVID-19 changed both investor behaviour and the ways in which angel organizations operated. Investors
2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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