EXECUTIVE SUMMARY Angel Organization Challenges
Organizations report difficulties raising additional in- come through increased membership fees and spon- sorship. The shift to online events during the past two years has reduced the opportunity for the engagement of sponsors with members of some organizations re- porting that they are reliant on volunteer contributions by board and committee members. These financially-in- duced constraints experienced by angel organizations — particularly smaller organizations located outside of major cities — have the potential to undermine Cana- da’s entrepreneurial ecosystem. Some angel organizations reported difficulty in finding members who were willing to take on a lead investor role, with the consequence that they were unable to pursue an interest in potential investment opportunities. The lack of exits, especially in the past two years, which are necessary to maintain investor enthusiasm and provide capital that can be recycled into new investments, was also highlighted by some organizations.
The Honourable Mélanie Joly Minister of Foreign Affairs Claudio Rojas CEO, National Angel Capital Organization.
2022 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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