According to EBAN (EBAN, 2010c), there are almost 400 Business Angel networks in Europe, with around investors operating in groups; the corresponding figure for the US is 340, with around investors (operating in groups). The median number of investors in a typical European business angel network is 79 (EBAN, 2010c). 5 The number of networks in Europe has increased rapidly over the past decade, from around less than 100; at the same time the number of venture capital funds has fallen from around 1,600 to 700; this could be taken as a support for the hypothesis that.
