Funding

How Do Startups Find Angel Investors?

Who are Business Angels? The term “Angel” was coined within the Broadway theater, where wealthy individuals made donations to theatrical productions. As soon as the production brought significant income, the investments were fully returned, with interest. In 1978, the term “Angel” was officially introduced by the founder of the Center for Venture Studies, William Wetzel, completing his research on how entrepreneurs attracted business capital. He used the term to describe investors who supported newer businesses with initial capital. Presumably, when Wetzel coined the term, he was thinking of imaginary redemption of entrepreneurs by Angels and saving their businesses from corporate death by writing out a check.