54CLEARINGTHE HURDLES: WOMEN BUILDING HIGH-GROWTH BUSINESSES
Angel Investing
Angel investors are individuals who invest their own money in promis-
ing new ventures. The term angelwas originally used to describe the
investors who backed Broadway musicals, but is now more widely
applied to private investors in new ventures of all types. Business angels
are usually successful business executives and entrepreneurs who want
to invest in the next generation of promising new ventures. They differ
from the circle of family and friends who invest because their interest is
an “arm’s length” transaction. Most angels invest in early-stage or seed
funding for ...
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