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Current State of Angels and Boards of Directors

Angel Capital Association

In 2022, the typical angel group reporting AFR data had Directors for approximately 20% of the companies it funded. FIGURE 2: % of Angel Groups with Round Board Seats, 2019-2022 Source: Angel Funder’s Report Database, 2023 Directorships for angel groups in 2022 deals declined 20% from 2021 (35% of deals) and 43% (35% of deals) since 2019.

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