P R E FAC E The Chang i ng Landscape
This year’s annual report on angel investing in Canada takes an in-depth, data-driven reflection on the impact of the pandemic on early-stage investing and tells a multi-faceted story.
O n one side, we saw the resil- ience of our entrepreneurs who pivoted to seek out new op- portunities in the face of incredi- ble difficulties; investors who rose to the challenge, providing critical mentorship and capital in an uncer- tain climate; and responsiveness from our governments in their swift action to implement programs to support innovative companies and
small businesses. The other side reveals the potential fragility of the early-stage investment community, with a significant proportion of an- gel organizations reporting no in- vestments. This was coupled with an ongoing decrease in the aver- age deal size and a lower amount of total funds invested, all while a greater number of startups required capital.
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
Powered by FlippingBook