"An angel investor or angel (also known as a business angel or informal investor) is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity. New start-up companies often turn to the private equity market for seed money because the formal equity market is reluctant to fund risky undertakings. In addition to their willingness to invest in a start-up, angel investors may bring other assets to the partnership. They are often a source of encouragement; they may be mentors in how best to guide a new business through the start-up phase and they are often willing to do this while staying out of the day-to-day management of the business.
Term sheet is a non-binding agreement setting forth the basic terms and conditions under which an investment will be made."
Virginia Angel Fund Promissory Note Term Sheet
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FAQ
What Is an Angel Investor? Angel investors are wealthy private investors focused on financing small business ventures in exchange for equity. Unlike a venture capital firm that uses an investment fund, angels use their own net worth.
Angel investors typically want to receive 20 to 25 percent of your profit. However, the amount you pay your angel investors depends on your initial contract. Hammer out these details before they give you any money, and have a lawyer draw up the agreement.
An angel investor is a wealthy person who invests his or her own money in a company?usually a start-up?that is in the early stages of development. Angel investors expect to take ownership positions in the companies they support because their capital is unsecured?they have no claim on the company's assets.
Angel investing is high risk. While there is always the potential for high returns, angel investing is a high-risk endeavor. Startups are often unproven and have a high failure rate. As such, investors could lose all or most of their investment.
Angel investors are wealthy private investors focused on financing small business ventures in exchange for equity. Unlike a venture capital firm that uses an investment fund, angels use their own net worth.