T H E I N V E S TME N T E N V I RONME N T The I nves tment C l ima t e fo r Ange l I nves t i ng i n 2020
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FIGURE 23A
FIGURE 23B
Mean Score of Angel Investing Climate
Rating of the Investment Climate in 2020 (n=27)
8
8
6
6
4
4
2
2
0
0
2015
2016
2017
2018
2019
2020
1
2
3
4 5
6
7
8
9 10
Angel Groups
Rating of Investment Climate
Drilling down into the 2020 data reveals some variation in responses:
The biggest angel organizations – those with more than 50 mem- bers – gave the highest scores, with a median of 7.0 and a mean of 6.8. Organizations with 26-50 members had a mean of 5.4 and a median of 6. The smallest organizations (fewer than 25 members) gave the lowest median score (5), but their mean score was similar to that of medium-sized organizations
Angel organizations based in Western Canada have the highest mean score (6.8), higher than that of Central Canada (6.1), al- though the median scores are the same (6). Consistent with pre- vious years, angel organizations in Atlantic Canada gave a much lower rating for the investment climate (mean=5.3; median=4).
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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