In the context of equity funding, who are business angels? Briefly describe them.
What will be an ideal response?
Business angels are high-net-worth individuals who invest widely in businesses. These individuals can be very helpful sources of expertise and contacts in the area. However, a new businessperson should seek individuals who have relevant knowledge, rather than just money, to add to the firm. When seeking investment from such individuals, it is advisable for a new businessperson to evaluate the nature of their advice, how intrusive they will be, the nature of their business experience, and what other contacts and relationships the angels may have that can help the new firm.
You might also like to view...
U.S. Government Treasury bonds provide low return and low risk to investors.
Answer the following statement true (T) or false (F)
Which of the following practices hampers the clarity of a message?
A. Use of simple words B. Use of clichés C. Use of transitional words and phrases D. Use of variety in sentence structure
Providing services to customers on account is an asset exchange transaction.
Answer the following statement true (T) or false (F)
Success variables for customers include each of the following except
A) honest and constructive feedback. B) strong technical knowledge. C) having a clear understanding of strategic goals of the project. D) good communication with project team.