Informal Equity

Estimating Informal Investment in Canada (March 2005)
This report estimates the flow and potential stock of capital available for informal investment from respondents to the Survey on Financing of Small and Medium Enterprises, 2001. The work also reports on ways in which these data have improved, and can potentially improve, our understanding of the flow and stock of financing beyond the estimates available in the literature.

Practices and Patterns of Informal Investors (May 2001)
This report provides information with respect to the characteristics, practices, patterns and perspectives of Canadian informal investors. The work describes the nature of informal investments and identifies key parameters of the investment process, focusing on investors' investment behaviour.

Value Added by Informal Investors (March 2001)
This report documents the types of contributions, beyond the monetary investment itself, made by private investors to businesses in which they invest. It also presents a preliminary investigation of business owners' perceptions of the value of these contributions.

A Literature Review and Industry Analysis of Informal Investment in Canada: A Research Agenda on Angels (March 2000)
This report uses Porter's Five Forces Model of Industry Competitiveness to evaluate the status of the angel investment industry. The model details the five competitive forces acting upon the players in an industry — in this case, angels.

Informal Equity Capital for SMEs: A Review of Literature (March 2000)
This report reviews the public literature regarding the supply of, and demand for, early-stage equity from private (informal) investors.