Angel Investors: Who They are and What They Do: Can I Be One, Too?
12 Pages Posted: 28 Aug 2009 Last revised: 6 Sep 2010
Date Written: August 20, 2009
Angel investors go by many definitions. By all definitions, though, angels investors act as informal venture capitalists and collectively invest at least billions of dollars in thousands of entrepreneurial projects annually. Despite their importance to small businesses and entrepreneurs, angel investments have received comparatively little attention from investment managers and writers. This paper describes the advantages and disadvantages of angel investing and suggests ways for investors to extract the maximum benefits -- both pecuniary and nonpecuniary -- from angel investing.
Keywords: Angel investing, entrepreneurship, startup
JEL Classification: G21, G24, L26
Suggested Citation: Suggested Citation