Inexpert business angels: how even investors with ‘nothing to add’ can add value

Macht, Stephanie (2011) Inexpert business angels: how even investors with ‘nothing to add’ can add value. Strategic Change, 20 (7-8). pp. 269-278. ISSN 1086-1718

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Official URL: http://dx.doi.org/10.1002/jsc.900

Abstract

Business angels, whose experience or knowledge seems not relevant to their investee businesses, can offer valuable involvement if they engage in ‘soft’ (people-centered) activities, as opposed to ‘hard’ (task-centered) activities.
During involvement activities, business angels contribute their own experiences, knowledge, and contacts to their investee businesses. ‘Soft’ involvement activities are people-centered, whereas ‘hard’ activities are task-centered. Investees value soft activities even if the business angel possesses no relevant capital. Soft-hard categorization of involvement activities may be more valuable than active-passive categorization of investors.

Item Type: Article
Subjects: N100 Business studies
N900 Others in Business and Administrative studies
Department: Faculties > Business and Law > Newcastle Business School > Business and Management
Depositing User: Ay Okpokam
Date Deposited: 20 Dec 2011 09:45
Last Modified: 10 Aug 2015 11:00
URI: http://nrl.northumbria.ac.uk/id/eprint/4327

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