2.4 Age of Group ANGEL GROUP CHARACTERISTICS
The age distribution of angel groups underlines the growing maturity of angel investing in Canada. More than half of the responding groups (61%) have been established for more than five years and 32%
have been operating for ten years or more (Figure 3). However, new groups continue to be founded, albeit at a lower rate than in previous years, with six groups under three years old.
FIGURE 3 Years in Operation
11
10
8
6
4
2
2
2
2
2
2
2
2
1
1
1 Yr
2 Yrs
3 Yrs
4 Yrs
5 Yrs
6 Yrs
7 Yrs
8 Yrs
9 Yrs 10+ Yrs
Number of Years in Operation
30
ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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