Angel Investing Explained at Wharton Club Event

Angel investors want entrepreneurs to demonstrate that they can “build someting and sell it,” Ellen Sandles, Executive Director of the Tri-State Private Investors Network, told the Wharton Club of New York. Angel groups are more forgiving (than venture capitalists) of a not-filled-out management team, but would rather pass on a deal than invest in a company that is at risk of running out of cash before breakeven is achieved.