Accredited investor, 222

Adverse selection, 27–28

BANs. See Business Angel networks

BAs. See Business Angels

BASs. See Business Angel syndicates

BE time. See Break-even time

Blue Ocean Strategy, 65

Board of directors, 179

Bootstrapping, 20–21

Break-even (BE) time, 97

Business Angel networks (BANs), 42–45

Business Angels (BAs), 34–51

business angel syndicates and networks, 42–45, 51

defined, 35

distinctions between VC market, 47–49

investment, challenges, 3–5

investment characteristics of, 50

investment opportunity, 59–102

investment process, 103–138

as local investors, 36

market, 40–42

motivations, 38

profile of, 38–40

rise of, 2–3

smart money concept, 35

types of, 37–38

vs. venture capital (VC) firms, 36

views from practice, 39–40

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