World Bank2015-01-052015-01-052014https://hdl.handle.net/10986/21081In little more than a decade, formal angel investing organizations have shifted from being mostly a United States (U.S.) and European phenomenon to being active and visible around the world. From Colombia to Cambodia, Serbia to South Africa, angel investors build networks from scratch and put their own local spin on how these networks are founded, structured, and operated. However, for every successful angel group founder there are many more potential founders looking for a place to start. This guidebook aims to support such individuals and newly formed angel groups by presenting global best practices and tools and templates for facilitating group operations.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCESS TO INTERNATIONAL MARKETSACCOUNTINGACQUISITIONACTIVE MARKETSAMOUNT OF CAPITALANGEL GROUPANGEL GROUPSANGEL INVESTORANGEL INVESTORSANGEL NETWORKANGEL NETWORKSASSET CLASSBANKRUPTCYBANKRUPTCY LAWSBANKSBUSINESS ACTIVITYBUSINESS ADVICEBUSINESS ANGELBUSINESS ANGELSBUSINESS ENVIRONMENTSBUSINESS EXPERIENCEBUSINESS EXPERIENCESBUSINESS INCUBATORBUYBACKSCAPITAL INVESTMENTSCAPITAL MARKETCASH FLOWCASH FLOWSCCCHAMBERS OF COMMERCECHECKSCOMMERCIAL REAL ESTATECOMMUNICATION TECHNOLOGYCOMPANYCOMPETITIONSCONDUCT REQUIREMENTSCONTRACT NEGOTIATIONSCORPORATE MANAGERSCORPORATIONSCOUNTRY TO COUNTRYCREDITORSDEBTDEBTORSDEVELOPING COUNTRIESDEVELOPING ECONOMIESDEVELOPING MARKETSDEVELOPMENT BANKDIVERSIFICATIONDIVIDENDSDUE DILIGENCEECONOMIC DEVELOPMENTECONOMIC POWEREMERGING ECONOMIESEMERGING MARKETSEMPLOYEEEMPLOYMENTENTREPRENEURENTREPRENEURIAL ACTIVITYENTREPRENEURIAL ATTITUDESENTREPRENEURIAL EDUCATIONENTREPRENEURSENTREPRENEURSHIPENVIRONMENTAL FACTORSEQUIPMENTEQUITY CONTRACTEQUITY INVESTINGEQUITY INVESTMENTSEQUITY STAKEEXCHANGE COMMISSIONEXTERNAL FINANCINGFAMILIESFAMILY BUSINESSFINANCIAL ASSETSFINANCIAL RESOURCESFINANCIAL RETURNFINANCIAL RETURNSFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL SUPPORTFINANCING NEEDSFOREIGN INVESTORSFUNDING SOURCESGENDERGEOGRAPHIC SCOPEGLOBALIZATIONGREATER ACCESSHOLDINGHOLDING COMPANYHOME COUNTRIESHOME COUNTRYHUMAN CAPITALHUMAN RESOURCEHUMAN RESOURCESIDINCOMEINCOME LEVELINDIVIDUAL INVESTORSINDIVIDUALSINFORMATION TECHNOLOGYINITIAL INVESTMENTSINITIAL PUBLIC OFFERINGSINSTRUMENTINTANGIBLEINTELLECTUAL PROPERTYINTERESTED PARTIESINTERNATIONAL BANKINVESTEE COMPANIESINVESTMENT ACTIVITIESINVESTMENT APPROACHINVESTMENT APPROACHESINVESTMENT CAPITALINVESTMENT CLIMATESINVESTMENT COMMUNITYINVESTMENT DECISIONSINVESTMENT FUNDINVESTMENT FUNDSINVESTMENT OPPORTUNITIESINVESTMENT PROCESSINVESTOR EDUCATIONINVESTOR PROTECTIONINVESTOR PROTECTIONSIPOLACK OF AWARENESSLAWYERSLEGAL ENVIRONMENTLEGAL FRAMEWORKSLIABILITYLIMITEDLOCAL BANKSLOCAL BUSINESSLOCAL BUSINESSESLOCAL COMPANIESLOCAL ENTREPRENEURSLOCAL MARKETSMAILING ADDRESSMANAGERSMEDIUM ENTERPRISESMERGERMULTINATIONALMULTINATIONAL COMPANIESNATIONAL ASSOCIATIONSNATURAL RESOURCENET WORTHNEW BUSINESSNEW BUSINESSESNEW COMPANIESNEW PRODUCTSOPERATING COSTSOUTREACHPARTICULAR COUNTRYPARTNERSHIPPARTYPORTFOLIOPORTFOLIOSPOTENTIAL INVESTMENTPRIVATE EQUITYPRIVATE INVESTORSPRIVATE SECTOR DEVELOPMENTPROFESSIONAL DEVELOPMENTPROFESSIONAL NETWORKSPROFIT MARGINSPUBLIC POLICIESREAL ESTATERECESSIONRED TAPEREGULATORSREGULATORY ENVIRONMENTREGULATORY ENVIRONMENTSREGULATORY FRAMEWORKSREMITTANCESREPUTATIONRETURNRETURN ON INVESTMENTRETURNSRETURNS ON EQUITYRISK CAPITALRISK EXPOSURERISK SHARINGRISKY ASSETSECURITIESSHARE OPTIONSSHAREHOLDERSHAREHOLDER PROTECTIONSHAREHOLDER RIGHTSSOCIAL DEVELOPMENTSOCIAL RESPONSIBILITYSPECIFIC INVESTMENTSPONSORSPONSORSSPONSORSHIPSTAKEHOLDERSSTART-UPSTART-UPSSTARTUPSSUPPLIERSTAXTAX CREDITSTRADE SALETRADE SALESTRADITIONAL INVESTMENTTRADITIONAL INVESTORSTRUSTSUMBRELLA ORGANIZATIONSUNIVERSITIESUNLISTED COMPANIESUNLISTED COMPANYVALUATIONVALUATIONSVENTURE CAPITALVENTURE CAPITAL FIRMSVENTURE CAPITAL INVESTORSVENTURE CAPITALISTSWOMEN ENTREPRENEURS10.1596/21081