1.2 Survey Design and Respondent Profile INTRODUCTION
The 2019 survey went out to 55 groups. These groups included current members of NACO, groups whose membership had lapsed, and other groups that have been identified as involved in angel investing but are not members. Groups were initially contacted in December 2019, with multiple follow-ups in early 2020 (prior to the onset of COVID-19). The survey was in two parts: (i) questions on various aspects of the angel group characteristics and (ii) ques- tions on each of the investments that group members made in 2019. The number of responses to each part of the survey was lower in 2019 than in past years. The initial deadline for completion of the survey was January 24, 2020. Follow up calls and emails were made to the groups who had not responded with offers of assistance and encouragement to complete the survey. However, as the data collec- tion process evolved, the need to respond to the challenges generated by the COVID-19 crisis meant that many of these groups were even- tually unable to participate. Responses were received from 30 groups, slightly down compared with the 2018 report (32). Only 25 of the 30 groups that responded had made investments in 2019. And in contrast with previous years, every group that responded in 2019 that had made investments provided detailed information about each of their investments.
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ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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