The informal risk-capital market is made up of:

Name: The informal risk-capital market is made up of:
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The informal risk-capital market is primarily made up of angels, which are individual investors who provide funding to start-ups and early-stage companies. Stockbrokers and commercial banks are not typically involved in this type of investing. While some venture capitalists may participate in this market, they are generally considered part of the formal venture capital industry.

The Informal Risk-Capital Market Is Made Up Of