That only certain angels and entrepreneurs operate through networks has been confirmed in an older survey of the European Commission (2002), which revealed that only around 19% of contacted angels were registered with networks, and about 2% of new entrepreneurs contacted a network. Nevertheless, an update of this survey would most likely result in a higher degree of organization today. An important element of Business Angels’ activities is often, in addition to financial support, the provision of non-financial benefits, . in the form of contacts, reputation (signaling), mentoring and strategic advice, sometimes even operational collaboration (see Politis and Gabrielsson,.
