Playing the Angel: Decomposing the Value of Early-Stage Investors
early stage ventures that made a business pitch during the Canadian, German, UK or US versions of the reality television show Dragons' Den. Consistent with business angel (BA) and venture capital research [...] BA provide and the screening they undertake are by themselves the most important factor regarding venture survival, subsequent propensity to generate web traffic, and sales. Moreover, having a well-known [...] BAs as board member trumps the existence of patents and prototypes with regard to post funding venture performance. These findings have broader implications for BA finance and other nascent players in