Abstract: In recent years, most sectors have benefited from an explosion in the creation of startups in different entrepreneurial environments. In relation with the entrepreneurship, there has been a growing interest in the role of informal investors in the creation of new companies with the objective of identifying the characteristics that could help governments and regulators to promote different measures that help economic growth. The objective of this analysis is to identify the factors that characterize the informal investors in Spain and India. The analysis was performed using data from the website "Global Entrepreneurship Monitor" (GEM) from the period 2012-2016 at the global individual level for Spain and for India. The method utilized to evaluate the data was a logistic regression.