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A week ago
Which of the following statements is NOT true regarding angel investors?

▸ They are typically arranged as limited partnerships.

▸ These investors are frequently friends or acquaintances of the entrepreneur.

▸ For many start-ups, the first round of outside private equity financing is often obtained from them.

▸ Because their capital investment is often large relative to the amount of capital already in place at the firm, they typically receive a sizeable equity share in the business in return for their funds.
Textbook 
Fundamentals of Corporate Finance
Edition: 2nd
Authors:
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A week ago
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They are typically arranged as limited partnerships.
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A week ago
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