2022 Report on Angel Investing in Canada 110822

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Angel Organization Challenges Executive Summary

A ngel organizations play a key role in overcoming inefficiencies and frictions in the early-stage en- trepreneurial finance market, and thereby enhance the ability of entrepreneurs to raise the investment capital that they require. It is therefore critical to understand the challenges they encounter in facilitating the flow of private funds into entrepreneurial ventures.

The key theme in the responses related to their capaci- ty constraints. This is a longstanding issue. Angel orga- nizations typically undertake a range of activities that facilitate investment activity. However, several angel organizations reported that they lacked the administra- tive capacity to undertake these tasks as effectively as they needed to. Some organizations reported that they are encountering difficulties in recruiting new members. The costs involved in organizing and hosting events were also highlighted.

BY PROFESSOR COLIN MASON

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