[hugorodgerbrown]

In the UK there is a scheme called SEIS (Seed Enterprise Investment Scheme) which gives investors 50% tax relief on equity investments up to £100K per annum. This is great for startups, as it has resulted in a lot of people investing for tax efficiency (and hence why most angels look to invest up £50K in any single investment, so that they can spread the risk); however, the side-effect of this is that a lot of people who would otherwise have simply invested in markets have become 'angel investors'. Joining an investment club seems like a sensible idea for these investors, however they often lack the experience required to understand (or indeed empathise) with the entrepeneurs they meet.

[lucisferre]

Canada has similar programs. EBC (in British Columbia) provides a direct 30% refund on investment in eligible companies [1].

[1]: http://www.pushormitchell.com/law-library/article/30-tax-ref...