Why Angel Investors are so Sought After
A great many new ventures are NOT businesses.
They don’t yet know customers, have a business model, nor see a clear path to making money.
We refer to these as “startups”
Startups are distinct from new businesses (and new businesses are not necessarily startups) in that the business model is NOT known.
This means such ventures are taking great risk. Such ventures are KNOWN to fail at a very high rate. Notably…