In general, Angels seek toadd value and gain at least a 3X increase in valuation before raising another round of financing or seeking an exit.
Distribution of Exit Values
25
20
15
10
5
0 < $1M $1–2M $2–5M $5–10M $10–20M $20–50M $50–100M $100–200M > $200M
Source: Wiltbank , Returns to Angels in Groups, 2015
Module 304: Best Practices for Angel Backed Companies
12
| Introduction to Angel Investing: How to Start
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