Entrepreneurs who require funding for their startup have long counted on self-accredited high net worth individuals (“angels”) to fill their needs, after friends and family, and before they qualify for institutional investments (“VCs”). New crowd funding platforms on the Internet, like Kickstarter and IndieGoGo, as well as the Jobs Act of 2012, are expected by many to ramp up regular people’s ability to fund new opportunities and kill the need for angel groups.
I just don’t see it happening any time soon. I just finished a new book, “Angel Investing,” by a friend and one of the most active angel investors in New York, David S. Rose.
via The Fundamental Truths of the Startup Industry | High Net World HNW Magazine.
