4.1 The Investment Climate For Angel Investing In 2019 THE INVESTMENT ENVIRONMENT
Group managers were asked to rate the current climate in Canada for angel investing on a scale of 1 (very poor) to 10 (excellent) (Figure 25). Scores range from 3 to 8. The median score is 7.0, the same as in the previous four years.
The mean score is 6.4 which is lower than in the previous three years (2018 = 7.0). The lower mean score reflects fewer groups giving scores of 8 and above compared with previous years.
FIGURE 25 Rating of the Investment Climate in 2019
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Industry Sector
Drilling down into the 2019 data reveals some variation in responses:
• Groups based in Western Can- ada have the highest median score (7), slightly higher than that of Central Canada (6). Consistent with previous years, Groups in Atlantic Canada gave a much lower rating for the investment climate (4).
• Bigger groups – those with more than 26-50 members and those with 51 or more mem- bers – gave higher scores, with medians of 8 and 7 respective- ly, compared with 3.5 for the smaller groups. The score given by the smallest groups (fewer than 25 members) (3.5) is con- siderably lower than in 2018.
• There was little variation in the rating of the investment climate between groups with different sector focus. All groups had median scores of between 6.5 and 7. This is consistent with previous years.
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ANNUAL REPORT ON ANGEL INVESTING IN CANADA
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