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Angel investors warned about being too passive, not doing due diligence

Angel investors warned about being too passive, not doing due diligence
A new survey suggests wealthy angel investors are not taking as close a look as they should into some of their investments.
Research by Massey University management master’s student Hattaf Ansari shows that only 75 per cent of the 88 active investors surveyed had done their own due diligence for all their previous investments.
That left a quarter who did not, suggesting that they had invested in ventures before by relying primarily on others’ opinion – or doing no due diligence.