Paul Silva of Angel Catalyst: "Angel groups are like herds of cats."

Paul Silva of Angel Catalyst: “Angel groups are like herds of cats.”

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Angel investors achieved an average of 27% internal rate of return (IRR) — the highest return among long-term equity investments. This compares favorably to early-seed VC investing (21.2%), later-stage VC investing (14.4%), and the stock market (8.22%).

(Sources: Kauffman Foundation, Thomson Venture Economics, National Venture Capital Association, S&P 500 Index)

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