Very good editorial article published (in French) in Le Temps on 29.12.2014 by private equity expert Hans van Swaay.
It outlines the value from business angels in startups (increasing by 25% their chances of survival after 4 years according to a study «The Consequences of Entrepreneurial Finance: Evidence from Angel Financings», by William Kerr, Josh Lerner and Antoinette Schoar) and concludes that ‘the only coherent way to make money in private equity is to make portfolio companies better’. Cannot agree more!
Le private equity est-il géré par des anges
Source: http://www.letemps.ch/Page/Uuid/f097e190-8ec2-11e4-894e-3285b5d7eb25/Le_private_equity_est-il_géré_par_des_anges
Andromede Ventures 