Asked by Steffÿ Olarte on Feb 18, 2024



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

Tanasha Longmore

Feb 18, 2024

Final Answer :
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.