Angel investors are typically
High Networth Individuals [HNIs], most often successful entrepreneurs or very
senior professionals. Some institutional investors also participate in angel
funding in their individual capacity.
Angel investors are flooded with
requests for funding, and because they invest in the highest-risk stage of
startups, they have to be selective in the deals that they invest in. One of
the important criteria that angel investors use is to ‘seriously evaluate’
deals that have come from reliable references. It is also for this reason that
many angel investors prefer to go through angel networks like Angel Investors
Consortium.
Thank you for writing this article. It supports what I discovered the hard way, by working in about a dozen failed startups as an engineer.Private Equity Australia
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