Angel Funders Report 2020 - Flipbook - Page 10
still prefer traditional deal structures. SAFE-driven incubator rounds are typically
smaller investments, and when it comes to increased amounts, angels value
investor protections, stronger governance, and more balanced deals provided by
priced equity. As the size of the round increases, so, too, does the likelihood of
angels preferring a traditionally priced round (Figure 3).
FIGURE 3. Angels Invest in Priced Equity Rounds and Convertible Notes
8 | Data Analysis