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Business angel investing

Mason, Colin (2005) Business angel investing. In: The Handbook of Personal Wealth Management: The Handbook of Personal Wealth Management: How to Ensure Maximum Investment Returns with Security. Kogan Page, pp. 169-175. ISBN 0749455462

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    Abstract

    Business angels are conventionally defined as high net worth individuals who invest their own money, along with their time and expertise, directly in unquoted companies in which they have no family connection, in the hope of financial gain. The term angel was coined by Broadway insiders in the early 1900s to describe wealthy theatre-goers who made high risk investments in theatrical productions. Angels invested in these shows primarily for the privilege of rubbing shoulders with the theatre personalities that they admired. The term business angel was given to those individuals who perform essentially the same function in a business context (Benjamin and Margulis, 2000: 5). There is a long tradition of angel investing in businesses (Sohl, 2003). Moreover, angel investing is now an international phenomenon, found in all developed economies and now diffusing to emerging economies such as China (Lui Tingchi, and Chen Po Chang,, 2007). However, it has only attracted the attention of researchers since the 1980s.

    Item type: Book Section
    ID code: 15874
    Keywords: business angels, investment, entrepreneurship, Commerce
    Subjects: Social Sciences > Commerce
    Department: Strathclyde Business School > Hunter Centre For Entrepreneurship
    Related URLs:
    Depositing user: Miss Carol Ann Balloch
    Date Deposited: 15 Jan 2010 12:55
    Last modified: 19 Jul 2013 19:09
    URI: http://strathprints.strath.ac.uk/id/eprint/15874

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