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In 2022, the typical angel group reporting AFR data had Directors for approximately 20% of the companies it funded. The median number of Director seats held by angel groups for their 2022 investments was 4.5, This is the third consecutive yearly decline in angel Directorships. with an average of 5.7 Director seats.
The company is mostly bootstrapped, having raised about $2 million from family offices, angels, Capital Factory and its own management team. “We Can’t we all just get along? Also a couple of weeks ago, I talked about fintechs focused on good. I left out a company! We can do very well by doing good,” Latham said. Fundings and M&A.
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