Abstract and Keywords
This article focuses on a class of angel investors that lies between venture capitalists and the typical informal individual angel investor. It discusses why people become angel investors. It then covers angel investors in groups and discusses group traits and their advantages. The section after that discusses angel investments and the investment process. The article discusses characteristics of a good deal, the financial parameters of an investment, and the angel's exit from the investment. A review of the literature on expected returns on angel investments and the problems with measuring them follows. The final section summarizes.
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