Brookfield-based Golden Angels Investors LLC this week reported its investment returns over the past 12-plus years.
The angel investment group was founded in 2002 by experienced business leaders to help entrepreneurs raise capital. The network of investors saw an internal rate of return of 16.9 percent on realized investments, net investor costs, from 2003 through 2016 year-to-date. During that time, Golden Angels has successfully exited four investments, as well as five exits on which the group did not break even and four that zeroed out. It currently holds an investment interest in 18 companies.
So far this year, Golden Angels has invested $4 million in 10 companies. The group makes each investment decision on a case-by-case basis, and investors can choose whether or not to fund a particular deal.
Tim Keane, director of Golden Angels, reported the figures on his blog, explaining the rarity of such a report from an angel network. Golden Angels had its results reviewed by independent accountants and decided to publish them “to reinforce the idea that prudent investing in startups has yielded excellent returns,” Keane said.
“There are many investors with interest in new ventures and with potential to play significant roles,” Keane said. “By sharing our results, we hope to be able to support all of our fellow investors and potential investors by showing people what can be achieved.”