82
Age of Organizations 2.4
T he age distribution of angel organizations under- lines the growing maturity of angel investing in Canada. More than three-quarters of the responding or- ganizations (76%) have been established for more than five years and 52% have been operating for ten years or more (Figure 4), proportions that have risen over time. However, new organizations continue to be founded, with six organizations (21%) three years old or less.
Years in Operation (n=29) FIGURE 4
Groups that participated in 2019
Groups new to 2020 sample
10 12 14
0 2 4 6 8
1 Yr 2 Yrs 3 Yrs 4 Yrs 5 Yrs 6 Yrs 7 Yrs 8 Yrs 9 Yrs 10+ Yrs
202 1 ANNUAL REPORT ON ANGEL I NVEST I NG I N CANADA The Chang i ng Landscape
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