An overwhelming majority (94 percent) of active investment angels believe it helps to have subject-matter experts weigh in when they evaluate a startup investment opportunity, according to a Propel(x) survey of 200 aspiring and active angel investors in the United States.
The survey found the majority of active angels have invested in a science and technology startup (68 percent), but half of respondents very frequently (21 percent) or somewhat often (29 percent) decide not to invest because they don’t believe they understand the technology well enough.
“I was pleased to see an overall high interest in science and technology startups, and it’s good news that only 1.32 percent of those who haven’t invested are not interested in science and tech companies,” Swati Chaturvedi, CEO and co-founder of Propel(x), told eWEEK. “The disconnect often comes down to a lack of understanding the technology well enough to invest; helping investors overcome this information or knowledge gap is crucial to facilitating investing.”
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