While a traditional bank loan is one way to secure financing to start or grow a business, it might not be the best way in every situation. Some of you have an entrepreneurial spirit with a poor credit history. Or lack the collateral to qualify for a business loan. You might be uncomfortable with putting up the insurance most traditional business loans require.
Anyone who has ever seen the television show Shark Tank is already familiar with the concept of venture capital and angel investing.
One difference between an angel investor and a venture capital firm is the number of people involved.
Another difference between venture capital firms and angel investors is how they get involved in a company’s financing.
It is exciting to run and grow a company backed by the resources to finance the vision.