AWARENESS LEVEL OF ANGEL INVESTORS AMONG STUDENTS
Keywords:
Awareness level, Angel Investors, PopulariseAbstract
Knowledge about contemporary issues is a must in any field and learning about new concepts in the field of commerce and management is absolutely necessary for students pursing courses in three fields students who pursue science and humanities courses will also benefit from knowledge about these concepts because some of these students may become entrepreneurs in future and any extra knowledge in this fiercely competitive world may mean the difference between winning and losing. The concept of angel investment is a new topic especially in India as not much information is available on this topic which specific to the Indian scenario as most data has been collected form USA & UK and most studies have concentrated on these regions. This novel concept would be a great value addition to students and the objective of this paper is to know the awareness level of the concept of angel investors among students pursuing graduation and post-graduation courses and whether it is necessary to popularise this concept specially by including it in the academic curriculum. The research proposes 3 main hypotheses, the data for the analysis has been extracted from 515 students through structured questionnaire and the sampling technique used is stratified & convenience sampling and Descriptive statistics, Binomial test has been used to test a series of hypothesis. The result show that there is only 2% awareness level of angel investor and the angel investment concept needs to be popularising in India with Bangalore city as a model for the said study. The paper shows that there is very little awareness of this concept which could give a big boost to our economy especially when entrepreneurship start-ups are being given such importance. The paper would contribute to help in forming policy which could promote the development of angel investor in India. This paper differs from previous studies as it is the first paper concentrating on awareness level of angel investor among students.
References
Aram, J. D. (1989, 4). Attitude and Behaviours of Informal Investors Towards Early-Stage Investments Technology-Based Ventures and Coinvestors. Journal of Business Venturing , 333-347.
Benjamin, G. A., and Margulis, J. (1996). Finding Your Wings: How to Locate Private Investors to fund Your Venture, New York. Wiley .
Freear, J., Sohl, J. E., and Wetzel, W.E. (1998). Equity Financing for New Technology Based Firms. In Frontiers of Entrepreneurship Research, Babson Park, Mass.: Babson College .
Freear, J., Sohl, J. E., and Wetzel, W.E. .”. (1996). The Informal Venture Capital Market: Milestones Passed and the Road Ahead. The fourth State of the Art in Entrepreneurship research conference, (pp. 9-11).
Freear, J., Sohl, J. E., and Wetzel, W.E. (1992a). The Investment Attitudes, Behaviour and Characteristics of High Net Worth Individuals. In Frontiers of Entrepreneurship Research, Babson Park, Mass.: Babson College .
G.Sabarinathan. (2014). Understanding Angel Investing in India – An Exploratory Study based on publicly available data. Bangalore.
Gaston, R. J. (1989). Finding Private Venture Capital for Your Firm: A Complete Guide. Wiley .
Gruner, S. (1998, Feb). The Trouble with Angels. 46.
Haar, N. E., Starr, J., and MacMillan I. C. (1988, 3). Informal Risk Capital Investors: Investment Patterns on the East Coast of the U.S.A. Journal of Business Venturing , 11-29.
Harrison, R. T. (n.d.). The Roles of Investors in Entrepreneurial Companies: A Comparison of Informal Investors and Venture Capitalists. Venture Finance Research Project. University of Southampton and Ulster Business.
J., F. (1991). Raising Venture Capital to Finance Growth. In Frontiers of Entrepreneurship Research Babson College .
Mason, C. M. (1993). Informal Investment in the UK: Knowns and Unknowns. Department of Trade and Industry Informal Investment Seminar, (p. 18). London.
Mason, C. M., and Harrison, R. T. . (1995). Informal Venture Capital and the Financing of Small and Medium-Sized Enterprises. Journal of SEAANZ , 33-56.
Mason, C. M., and Rogers, A. (1996). Understanding the Business Angel’s Investment Decision. Venture Finance Research Project . Southampton, U.K: University of Southampton and Ulster Business School.
Mason, C. M., Harrison, R. T., and Allen, P. (1995). Informal Venture Capital: A Study of the Investment Process, the Post-Investment Experience and Investment Performance. Venture Finance Research Project . University of Southampton.
Neiswander.D.K. (1985). Informal Seed Stage Investors. In Frontiers of Entrepreneurship Research .
Nittka.I. (1999). A Comparison of Companies Seeking Venture Capital over the Internet in the U.S.A., U.K., and Germany. Kauffman Foundation Research Conference (pp. 12 – 15). University of South Carolina,Babson College.
Postma, P. D., and Sullivan, M. K. (1990). Informal Risk Capital in the Knoxville Region. University of Tennessee.
Riding, A. (1998, march). Where Angels Don’t Fear to Tread: Financing Early-Stage Growth. Mastering Enterprise: Part 3 , 18. Canada.
Roberts, E. B. (1991). Entrepreneurs in High-Technology: Lessons from MIT and Beyond. New York: Oxford University Press.
Sahlman, William, Howard Stevenson, Michael Roberts and Amar Bhide,. (1999). The Entrepreneurial Venture. Harvard Business Review Press .
Short, D. M., and Riding, A. L. (1989). Informal Investors in the Ottawa-Carleton Region: Experiences and Expectations. Entrepreneurship & Regional Development , 99-112.
Sohl, J. E. (1999). The Early-Stage Equity Market in the USA, . Venture Capital , 1-20.
Spragins, E. E. ( 1991). Heaven Sent Inc.
Stevenson, H., and Coveney, P. ( 1994). Survey of Business Angels: Fallacies Corrected and Six Distinct Types of Angel. . England: Henley-on-Thames, England: Venture Capital Report.
Timmons, J. A. (1992). Venture Capital: The Decade Ahead In D. L. Sexton and J. D. Kasarda. Boston: The State of the Art of Entrepreneurship.
Timmons, Jeffrey and Stephen Spinelli. (2008). New Venture Creation: Entrepreneurship for the 21st Century (Vol. 8th edition). Mc Graw-Hill / Irwin.
Usem, J. (1997). Start-up Chasers Track New-Biz Storm. Inc , 22.
Wetzel, W. E. (1983). Angels and Informal Risk Capital . Sloan Management Review, Summer , 23-24.
Wetzel, W. E., and Wilson, I. G. (1954). Seed Capital Gaps: Evidence from High-Growth Ventures. In Frontiers of Entrepreneurship Research .
