Jeff Arnold and Reggie Bradford created WebMD, an Internet provider of health care information. Early in the development of this high-growth company, Arnold and Bradford attracted a group of investors who provided them with money needed to acquire other Internet companies with similar missions. What is the investment group called?

Question

Quizplus · Accepted Answer

Angel investors are individuals or a group of investors who provide capital for start-ups or early-stage companies in exchange for ownership equity or convertible debt. They often support businesses at the initial moments when other investors are not prepared to back them.

Jeff Arnold and Reggie Bradford Created WebMD, an Internet Provider