188,264 research outputs found

    Business angel investing

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    Business angels are conventionally defined as high net worth individuals who invest their own money, along with their time and expertise, directly in unquoted companies in which they have no family connection, in the hope of financial gain. The term angel was coined by Broadway insiders in the early 1900s to describe wealthy theatre-goers who made high risk investments in theatrical productions. Angels invested in these shows primarily for the privilege of rubbing shoulders with the theatre personalities that they admired. The term business angel was given to those individuals who perform essentially the same function in a business context (Benjamin and Margulis, 2000: 5). There is a long tradition of angel investing in businesses (Sohl, 2003). Moreover, angel investing is now an international phenomenon, found in all developed economies and now diffusing to emerging economies such as China (Lui Tingchi, and Chen Po Chang,, 2007). However, it has only attracted the attention of researchers since the 1980s

    The Tin Angel Business Card

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    Text document Tin Angel Business Car

    The Tin Angel Advertisement featuring Female Impersonators

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    Black and White photograph AD for the Tin Angel "Celebrating the Most Fabulous Community Since 1962" from the New Tin Angel Restaurant opened by Jerry K. and Angie Liedtke\u27s Son Jerry Liedtke Jr. in the Eccles Theater Lobby

    Logo for The Tin Angel Lounge

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    Text document Tin Angel Promotional Materia

    Advertisement for the Original Tin Angel Lounge

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    Text document show card from the Tin Angel Bar featuring the Misfit

    The Transformation of the Business Angel Market: Evidence from Scotland

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    Business angel investing – a key source of finance for entrepreneurial businesses – is evolving from a fragmented and largely anonymous activity dominated by individuals investing on their own to one that is increasingly characterised by groups of investors investing together through managed angel syndicates. The implications of this change have been largely ignored by scholars. Based on research in Scotland, which has experienced a particularly rapid growth in angel groups, the paper examines the following issues: the drivers of this change, the characteristics of the groups; their investment activity and outcomes; the investment process of angel groups; and the characteristics and role of group ‘gatekeepers’. The paper concludes with an assessment of the impact of this growth of angel groups on the economy and considers the implications for other regions and countries

    Expected returns to stock investments by angel investors in groups

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    Angel investors invest billions of dollars in thousands of entrepreneurial projects annually, far more than the number of firms that obtain venture capital. Previous research has calculated realized internal rates of return on angel investments, but empirical estimates of expected returns have not yet been produced. Although calculations of realized returns are a valuable contribution, expected returns, rather than realized returns, drive investment decisions. We use a new data set and statistical framework to produce the first empirical estimates of expected returns on angel investments. We also allow for the time value of money, which previous research has typically ignored. Our sample of 588 investments spans the 1972–2007 period and contains 419 exited investments. We conduct extensive tests to explore potential bias in the data set and conclude that the evidence in favor of bias is tenuous at best. Our results suggest that angel investors in groups can expect to earn returns that are on the order of returns on venture capital investments. Estimated net returns are about 70 percent in excess of the riskless rate per year for an average holding period of 3.67 years. This estimate is reasonable compared to Cochrane's (2005) estimate of 59 percent per year for venture capital investments, which tend to be in lower-variance, later-stage projects. Returns have a large variance and are heavily skewed, with many losses and occasional extraordinarily high returns.

    Advertisement for the Fem-Mimics Female Impersonation Show at The Tin Angel Lounge

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    Text document Leaflet for the Fabulous Fem-Mimics Lounge Show at the Tin Angel Ba

    Brief History of The Original Tin Angel Bar and Jerry\u27s Brown Bag

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    Text document giving a brief overview of the Tin Angel Bar and Jerry\u27s Brown Bag Tavern\u27s HistoryConverted from .docx to .pdf for Compatibilit

    LAGARDA, Angel J.

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    Telegrama de Angel J. Lagarda al Gral. PEC relativo a la exposición de algodón que puede originar trastornos a la industria del país. Memorándum del Sr. Lagarda al Gral. PEC relativo al sueldo que se le dio. Carta de Angel J. Legarda al Gral. PEC. Le recomienda a la secretaria Esther Carvajal. Carta de Angel J. Lagarda al Gral. PEC, Secretario de Industria Comercio y Trabajo relativo a una exposición de productos mexicanos (no especifica que) que se montará en Guatemala. Telegrama de Angel J. Lagarda al Gral. PEC, Secretario de Gobernación. Le informa que es satisfactoria la situación de la región en que pretende formar una compañía mexicana. Carta de Angel J. Lagarda al Gral. PEC. Le informa que le dio la fianza a su recomendado Sr. Bernstain. Le envía la firma de Carlos Robles para que la compare con la del Sr. Robles en relación con la caja de préstamos. Carta de Angel J. Lagarda al Gral. PEC relativa al pago de mensualidades de Gustavo Adolfo Uruchurto. Le pide que diga a Francisco Elías le sitúe los fondos que necesita.Cartas del Gral. PEC a Felipe Carrillo Puerto y al Gral. Angel Flores, Gobernador de Sinaloa. Les recomienda a Angel J. Lagarda. Carta de Angel. J. Lagarda al Gral. PEC. Le pide lo recomiende ante los Magistrados Moreno y González para tratar un asunto en la Corte. Cartas del Gral. PEC recomendando a Angel J. Lagarda ante Enrique Moreno y Alberto González, Magistrados de la Suprema Corte de Justicia. Telegrama de Angel J. Lagarda al Gral. PEC. Le informa que ya se instaló la Asamblea de Cámaras de Comercio. Le suplica su apoyo a las solicitudes de abolir la tarifa de exportación y suspender los aumentos de fletes. Correspondencia entre Angel J. Lagarda y el Gral. PEC relativo a los incidentes ocurridos en el grupo Fascisti por lo que se demuestra que no existe el nacionalismo de que hacen alarde. Carta de Angel J. Lagarda al Gral. PEC. Le anexa la correspondencia que le mandó Justo A. Facio, Presidente de la Junta de Educación de San José, Costa Rica, quien labora intensamente por el acercamiento entre su país y México. Carta de Angel J. Lagarda al Gral. PEC. Lo felicita por haber renunciado a Gobernación para aceptar la candidatura a la Presidencia. Comenta la opinión de los distintos sectores. Telegrama de Angel J. Lagarda al Gral. Obregón. Le muestra su adhesión por la traición de los generales Sánchez y Estrada. Carta de Angel J. Lagarda al Gral. PEC. Le informa que ha cerrado su oficina comercial para estar listo para actuar al recibir sus órdenes. Telegrama de Angel J. Lagarda al Gral. PEC. Le informa que el Gobierno costarricense lo designó representante pra la transmisión del Poder Ejecutivo. Telegrama de Angel J. Lagarda al Gral. PEC. Lo felicita por su patriótica labor indicando el problema nacional agrario y la forma de resolverlo para que se recupere la confianza de los pequeños y grandes agricultores. Carta de Angel J. Lagarda, Jefe de la Oficina Federal de Hacienda, al Gral. PEC. Lo felicita por su plan financiero en que se establece el Talón Plata. Telegrama de Angel J. Lagarda al Gral. PEC. Se pone a sus órdenes como miembro del Partido Nacional. Correspondencia entre Angel Lagarda y el Gral. PEC relativo al traslado del primero a la Oficina Federal de Hacienda de Lagos de Moreno, Jal. Telegrama de Angel Lagarda al Gral. PEC le pide lo recomiende ante Marte R. Gómez, para la reorganización en las Oficinas Federales de Hacienda. Carta del Sr. Lagarda al Gral. PEC. Le informa que no fue recibido por el Ing. Marte R. Gómez y le pide que le hable de él al Presidente a fin de que se le de una oficina de Hacienda de primera categoría
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