Refer to the Opening Case - AngelList Helps Entrepreneurs Build Companies: Which of the following is NOT a correct statement about how AngelList works?
A)Startups access the site and create profiles that list information such as their previous financial backers (if any)and the amount of capital they have already raised.
B)Startups utilize their profiles to make their "pitch" to hundreds of certified investors
C)To avoid fraud, AngelList vets its investors by requiring them to provide a track record of their prior investments.
D)AngelList is open to any business that are trying to obtain funding.

Question

Quizplus · Accepted Answer

This statement is incorrect because AngelList is not open to any business trying to obtain funding. Startups must apply and be accepted by AngelList before they can create a profile and use the platform to seek investment. AngelList focuses on startups in the technology industry that have already received some level of funding and validation from other investors or accelerators.