Which of the following is an important distinction between angels and VCs?

Question

Quizplus · Accepted Answer

Angels typically carry out informal due diligence, such as researching the company and its founders, before investing. VCs, on the other hand, often have a formal due diligence process in place. Choices A, C, and D are incorrect as angels do not typically make decisions with committees, form funds of limited partnerships, or fund solely with personal funds up to $500,000.

Which of the Following Is an Important Distinction Between Angels