Asked by Steffÿ Olarte on Feb 18, 2024
Verified
An angel investor is frequently a family member or close friend.
Startup Financing
A stage of financing in which the money is provided to entrepreneurs to enable them to implement the idea by funding product research and development.
- Recognizing the significance of personal relationships in the realm of angel investing.
- Identifying the potential benefits and drawbacks of having a family member or close friend as an angel investor.
- Understanding the role of an angel investor in the context of entrepreneurship and startup funding.
Verified Answer
TL
Tanasha LongmoreFeb 18, 2024
Final Answer :
False
Explanation :
While it is possible for a family member or close friend to be an angel investor, the term "angel" typically refers to someone who invests in a startup or early-stage company with the potential for high growth and returns. Angel investors are often individuals with a high net worth who invest their own money in exchange for equity ownership in the company. They may also be part of an angel investor group or network.
Learning Objectives
- Recognizing the significance of personal relationships in the realm of angel investing.
- Identifying the potential benefits and drawbacks of having a family member or close friend as an angel investor.
- Understanding the role of an angel investor in the context of entrepreneurship and startup funding.
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