From Bandit to Unrivaled, these sports startups are poised for big moves in 2024 Business Insider asked top sports VCs and investors that includes prominent angel investors Now, a key ask from the venture capital (VC) and private equity (PE) ecosystem is the removal of ‘Angel Tax’ to ease the pressure on early-stage startups and investors Apart from this
In the first half of 2023, from January to July 16, 225 startups raised $123 billion from VCs, according to Crunchbase could end up losing $5 billion this year Investors in generative Giving a big relief to startups, the government in its Budget 2024 announced removal of angel tax for all classes of investors to promote the growth of budding entrepreneurs of the country providing a boost to both angel investors and startups The angel tax, introduced through Section 56(2)(viib) of the Income Tax Act in 2012, required private companies to pay tax on the excess Startups and investors have heaved a sigh of relief with the angel tax finally being knocked out 12 years after it was introduced But there's the fine print to contend with The Union government
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