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Published: 12 November 2008

288 Pages | 20 line illus.

6 1/8 x 9 1/4 inches

ISBN: 9780195331080

Also Available As:


Bookseller Code (06)

Fool's Gold?

The Truth Behind Angel Investing in America

Scott Shane

Financial Management Association Survey and Synthesis

Scott Shane draws on hard data from the Federal Reserve and other sources to paint the first reliable group portrait of the lionized angel investors. Surprisingly, he finds that they are fewer, contribute less, and involve themselves in fewer start-ups than the conventional wisdom suggests. Numbering only 156,000, angels typically still have their day jobs, make investments of $10,000 or less, and take little or no role in management. Few of the companies they put money into arrive at IPOs, let alone massive returns.

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