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business angel |
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business angel
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| A business angel could quickly become a business nightmare if the venture fails, and the angel resorts to litigation to recoup some of his or her investment. Jackson has co-founded four start-ups, sits on Newnham Research's Board of Directors and is an active business angel. A business angel is "a private, wealthy individual who makes an investment in your business, usually in the range of $10,000 to $100,000," writes Patricia Ayres, an assistant vice president at Wells Fargo Bank, in her 1994 book "Thanks, But No Banks. |
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