Angels or wealthy individuals are often sought because the evaluations they provide of potential investments are more thorough than formal investors.

Question

Quizplus · Accepted Answer

This statement is false. Formal investors, such as venture capitalists and private equity firms, typically conduct extensive due diligence and analysis before investing in a company, and their evaluations are often more comprehensive than those of individual angels or wealthy individuals.

Angels or Wealthy Individuals Are Often Sought Because the Evaluations