Current State of Angels and Boards of Directors
Angel Capital Association
JANUARY 3, 2024
As the experience of one leading angel group powerfully illustrates , the difference in returns for portfolio companies having a Central Texas Angel Network (CTAN) member on the Board was 7x higher than lacking a CTAN Board member. 2 All data in this note are drawn from the 2022 Angel Funder’s Report database (tracking CY 2022 transactions).
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