Review article

BUSINESS ANGELS: POTENTIAL FINANCIAL ENGINES FOR START-UPS

Laura Giurca Vasilescu

Abstract

Business angels are becoming more important as an investor class that is able to bridge the investment gap that exists between the proximity financing of family and friends and formal venture capital. Business angels’ investments can be both early stage and expansion and they can have a leveraging effect for other sources of funding, including bank loans and formal venture capital. Though angel investing has both its advantages and disadvantages, it is widely agreed that the advantages of business angels generally outweigh their disadvantages, making an active informal venture capital market a prerequisite for a vigorous enterprise economy.

Keywords

business angels; start-ups; financing; informal investors; venture capital

Hrčak ID:

47321

URI

https://hrcak.srce.hr/47321

Publication date:

15.9.2009.

Article data in other languages: croatian

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