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Informal investors and the informal venture capital market in Ireland

Diaz-Moriana, Vanessa and O'Gorman, Colm orcid logoORCID: 0000-0003-4732-7433 (2013) Informal investors and the informal venture capital market in Ireland. Journal of Asian Scientific Research, 3 (6). pp. 630-643. ISSN 2223-1331

While it is widely recognised that informal investors play a vital role in the development of new businesses, extent research on the nature of informal investment activity has focussed on large economies. There is little research about informal investment in small economies, including Ireland. This paper uses data from the Global Entrepreneurship Monitor to outline the extent and nature of informal venture capital activity in Ireland and to provide an estimate of the size of the informal venture capital market in Ireland. Results suggest that Family, Friends and Colleagues provided at least €195 million to new businesses in 2011, and Business Angels invested €80 million. We find that for every €1 of formal venture capital funding, there is approximately €5 of informal capital funds. We conclude by highlighting implications for policy and practice.
Item Type:Article (Published)
Uncontrolled Keywords:Informal venture capital; informal investors; business angels; Ireland
Subjects:Business > Finance
DCU Faculties and Centres:DCU Faculties and Schools > DCU Business School
Publisher:Asian Economic and Social Society
Use License:This item is licensed under a Creative Commons Attribution-NonCommercial-Share Alike 3.0 License. View License
ID Code:18780
Deposited On:15 Jul 2013 11:08 by Vanessa Diaz . Last Modified 23 Aug 2018 10:20

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