One popular source of equity capital is informal capital from private investors who are known as

Question

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The term "angels" refers to private investors who provide equity financing to small businesses. They are often called informal investors because they invest in companies that are not publicly traded. Angels typically invest in businesses that are in the early stages of development and have high growth potential. They provide both funding and expertise to the companies they invest in.

One Popular Source of Equity Capital Is Informal Capital from Private