the Kauffman Foundation has released a study indicating that angel investment groups are now seeing returns on their investments that rival VC firms.
Angel investors participating in organized angel groups are seeing average returns — 27 percent — that rival those of in the VC industry. The “Returns of Angel Investors in Groups” study, released by the Kauffman Foundation and the Angel Capital Education Fund, shows that within 3.5 years from investment to exit, this group generated 2.6 times their invested capital. Seven percent even generated returns 10 times their initial investment. However, the risk inherent in angel investing also was illuminated — just over half of the cases resulted in a negative return with some or all investment capital lost.
I agree with you and what you said about angel investors participating in organized angel groups achieved an average 27 percent internal rate of return on their investments was exactly correct.