We examine how investor-level tax incentives affect financing for start-ups using the introduction of a generous tax deduction for qualified angel and VC investment in China as a quasi-natural experiment. We find that the tax incentive increases funding for eligible start-ups, with stronger...

Introduction: background -- What is the angel investing -- Why should China develop angel investing -- Angel investing practice : research on China's angel investment -- Entrepreneurs : how to attract angel investors -- Angel investors : how to do angel investing -- Third party supporting angel...