| Original language | English |
|---|---|
| Title of host publication | The Palgrave Encyclopedia of Private Equity |
| Editors | Douglas Cumming, Benjamin Hammer |
| Publisher | Springer |
| Pages | 1-7 |
| ISBN (Electronic) | 978-3-030-38738-9 |
| ISBN (Print) | 978-3-030-38738-9 |
| DOIs | |
| Publication status | Published - 12 Jun 2024 |
Abstract
Business angels are high net-worth individuals—predominantly successful entrepreneurs, corporate leaders, and business professionals (eg, accountants, lawyers)—acting alone or as part of a formal or informal syndicate—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 through a future exit (Mason 2006). After making the investment, they generally take an active involvement in the business, for example, as an advisor or member of the board of directors (Politis 2016). This non-financial support is at least as significant as the money that they invest.