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Raising Your Hand as Due Diligence Lead for Angel Groups

February 28, 2013 /

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Through Rob Wiltbank’s ground-breaking study in 2007, angels in groups learned that collective due diligence on new deals really pays off. The 538 angels included in this study enjoyed 2.6X returns over the life of their investments. However, for deals on which collective due diligence totally less than 20 hours, returns were only 1.1X. But, deals on which angel put in over 40 hours of due diligence (the top quartile) returned 7.1X to angel investors. Due diligence clearly makes a big difference for angel investors.

By Bill Payne

Full Story: http://gust.com/angel-investing/startup-blogs/2013/02/27/raising-your-hand-as-due-diligence-lead-for-angel-groups/