Current State of Angels and Boards of Directors
Angel Capital Association
JANUARY 3, 2024
In 2022, the typical angel group reporting AFR data had Directors for approximately 20% of the companies it funded. Overall, 40% of financing rounds had an angel representative of some sort (Director or Observer) at the close of the round and 70% of angel groups had at least one Board or Observer seat among their portfolios of 2022 deals.
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