To which of the following is an entrepreneur likely referring when using the term "angel" in reference to an investment plan?
A) An investment banker
B) A venture capitalist
C) Lenders of last resort who provide needed funds once it appears that an entrepreneur who has started a company is in financial trouble
D) Family,friends,and wealthy individual investors to whom the entrepreneur first turns to seek funds

Question

Quizplus · Accepted Answer

"Angels" usually refer to family, friends, and wealthy individual investors who provide initial funds to an entrepreneur to start a company. These investors are often the first source of funding for a new business and are known as "angels" due to their willingness to invest in a business idea without any guarantee of success or return on investment.

To Which of the Following Is an Entrepreneur Likely Referring