Читать книгу How To Become A Business Angel - Richard Hargreaves - Страница 8

The term angel was first used to describe wealthy individuals who provided money for Broadway productions. Then in 1978, William Wetzel published a study on how entrepreneurs raised seed capital in the USA and used the term angel to describe the investors.

Today, business angel, or just angel, is a term widely used to mean a private individual who invests his or her own money in early stage growth companies. The other principal source of long-term investment in such companies is venture capitalists (VCs).

There are two fundamental differences between these two groups:

1 Angels invest their own money whereas VCs manage and invest a pool of money belonging to others.

2 The individual angel makes their own investment decisions whereas a VC firm will have an investment committee of partners who make decisions collectively.