Informal Equity Investment

CONTENTS

Preliminaries
Cover, Copyright, Foreword, Contents, Glossary, Overview

1   Introduction
1.1   Background: SMEs and finance for growth
1.2   Scope of investment considered
1.3   Structure of the paper

2   Informal equity in other countries
2.1   Venture capital and the ‘equity gap’
2.2   Informal direct investment in other countries
2.3   Public policy and SME finance in other countries
2.4   Business introduction services
2.5   Summary and comments

3   Estimates of angel investment
3.1   The size of business angel investment in Australia
3.2   Features of business angel investment
3.3   Summary and comments

4   How informal investment is working
4.1   Investors and business operators
4.2   Business introduction services
4.3   Summary and comments

5   Policy issues
5.1   Informal investment and SME policy issues
5.2   Business introduction services
5.3   Regulation of fundraising by SMEs
5.4   Concluding comments

Bibliography