Who wants to be an angel investor? The characteristics of the high net worth individuals in the Chilean resource periphery

Purpose The aim of this article is to identify and analyze the characteristics of High Net Worth Individuals (HNWI) as potential angel investor in Antofagasta, the main mining resource periphery in Chile. Design/methodology/approach Using the resource periphery approach and angel investing, we apply a survey to a sample of 37 HNWI in this region. The data collected were analyzed using descriptive statistics. Findings Descriptive results show that the characteristics of these individuals do not significantly differ from those exhibited by angel investors in developed countries and that HNWI show a relative high willingness to become angels and to form a network. Research limitations/implications The article has some limitations regarding the size and scope of the sample. It is a relatively short sample that does not allow to make more sophisticated analysis and it is only regional and, therefore, it is not possible to make a comparison at a national level. Practical implications From the perspective the de...