Business Angels - Who They Really Are?
Strategic Change: Briefings on Entrepreneurial Finance, Vol. 18, Nos. 7-8, pp. 249-258, Chichester: John Wiley and Sons, November 2009
15 Pages Posted: 16 Nov 2008 Last revised: 25 May 2011
Date Written: November 13, 2009
Business angels invest a large amount of finance in seed, start-up and early stage enterprises. Business angels are very important for small and medium sized enterprises because they provide more than money. They are hands-on investors and contribute their skills, expertise, knowledge and contacts in the businesses they invest in. They are wealthy persons with great business experience. They are willing to invest and offer their wealth and knowledge to owners of small and medium sized enterprises and to entrepreneurs to start or develop their businesses.
Keywords: business angels, small and medium sized enterprises, development stages of small businesses, motives of investing, business angel groups, business angel networks
JEL Classification: G24, G38
Suggested Citation: Suggested Citation