Download E-books Fool's Gold?: The Truth Behind Angel Investing in America PDF

The stereotype of the "angel investor" is a retired filthy rich entrepreneur who sees capability, asks tricky questions, takes a wide stake, and in many years makes an enormous go back in an IPO. This outsider fills the distance among the enterprise capitalist and the pro investor, swooping in with funds and services to convey goals to fruition.

Unfortunately, Shane observes, this determine bears no courting to truth. In Fool's Gold, he attracts on challenging info from the Federal Reserve and different resources to color the 1st trustworthy crew portrait of the lionized angel traders. unusually, he reveals that they're fewer, give a contribution much less, and contain themselves in fewer start-ups than the traditional knowledge indicates. so much angels often nonetheless have their day jobs, invest of $10,000 or much less, and take very little position in helping marketers construct their businesses. Few of the corporations they invest in arrive at IPOs, not to mention mammoth returns. yet angels can play a severe function, he writes, if the fable is deserted by way of all involved. Drawing on his wealthy shop of knowledge, Shane bargains suggestions to marketers and angels alike for the best use of angel making an investment, and indicates how policymakers can inspire it. quite promising are angel teams, which pool wisdom and cash for wiser and extra efficient investments. In teams, angels can depend upon every one other's services, proportion the hard work of acting due diligence, and customarily insure that their cash is being placed--and used--wisely. Fostering the formation of such teams could be the unmarried most crucial factor that govt can do to spice up angel investing.

Massively researched and promptly written, Fools' Gold deals the 1st actual source in this misunderstood element of our entrepreneurial process.

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