TY - BOOK AU - Shane,Scott A. TI - Fool's gold?: the truth behind angel investing in America T2 - Financial management association survey & synthesis SN - 978-0-19-533108-0 PY - 2009/// CY - Oxford PB - Oxford University KW - Venture capital KW - United States KW - Small business KW - Finance KW - Investments KW - Pequeñas y medianas empresas KW - Estados Unidos KW - Inversiones N1 - Índice; Bibliografía: p. [233]-270; What is angel investing and why do people do it? -- How big is the angel capital market? -- Who are the angel investors? -- How many companies need angels? -- What do angel investments look like? -- Who gets angel money? -- How does the angel investment process work? -- How well do angel investments perform? -- What are angel groups? -- How do the best angels invest? -- What makes a place good for angel investing? N2 - The stereotype of the "angel investor" is a retired wealthy entrepreneur who sees potential, asks tough questions, takes a large stake, and in a few years makes a massive return in an IPO. This outsider fills the gap between the venture capitalist and the professional investor, swooping in with cash and expertise to bring dreams to fruition. Unfortunately, Shane observes, this figure bears no relationship to reality. In Fool's Gold , he draws on hard data from the Federal Reserve and other sources to paint the first reliable group portrait of the lionized angel investors. Surprisingly, he finds that they are fewer, contribute less, and involve themselves in fewer start-ups than the conventional wisdom suggests. Most angels typically still have their day jobs, make investments of ER -