Excerpt from NACO (2020) A Decade of Deals: Annual Report on Angel Investing in Canada (3) Angel investors are a key driver in the entrepreneurial ecosystem, investing at the start of the entrepreneurial pipeline in new and emerging companies. Alongside their capital, angel investors draw upon their experience as entrepreneurs, business managers, and business professionals to contribute their knowledge and expertise, networks, and psychological and emotional support to their investee businesses. Angel investors help to build client relationships, leveraging their established business networks, all of which contribute to the ability of entrepreneurs to more rapidly scale their operations. Indeed, this non-financial support can be as significant as the capital they invest. Angel investors are the main source of seed-stage capital, investing relatively small amounts in companies at their start-up and early growth stages. As such, they play a complementary role to that of the venture capital industry. This has two dimensions. First, angel investors are often the first investors in businesses that go on to raise larger amounts from venture capital funds and participate in innovation and commercialization programs to scale-up their operations. By unlocking angel capital, which is local, community-based capital, entrepreneurs in all communities, from all backgrounds, can create the companies and jobs of the future, thereby creating sustainable growth in their local communities. This year, NACO released its 10th annual report on angel activity in Canada. By highlighting both the investment activity and year-on- year investment trends, this report provides unique insights into angel investing trends in Canada. This evidence-based analysis emphasizes the importance of angel investing in Canada’s innovation economy.
(3) NACO (2020) A Decade of Deals: Annual Report on Angel Investing in Canada. https://builtbyangels.com
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MOBILIZING ANGEL ACTIVITY IN YUKON
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