Angel investor vs Wind: How do entrepreneurs choose

Beijing Time May 3 News, read-write Web site today published Riva Lessensky (Rieva Lesonsky) article, the angel investors and venture capitalists compare and contrast.　　For entrepreneurs to find angels or VCs, the article also gives advice. The full text is as follows: It is not easy to find financing for your start-up, but if you choose the wrong investors, the way to finance is even harder.　　You might think, "How come there are wrong investors?" I'm just looking for someone who's willing to pay. It's not that simple. Choosing the wrong investor is like inviting a married person out on a date.　　Not only will they reject you, but they will also think you are a fool. Many first-time entrepreneurs mistakenly confuse angel investors with venture capitalists. Although the two investors have a lot in common, they also have important differences.　　Here is a brief description of whether Angel investment or venture capital is suitable for your company.　　Angel investor Angel investors are individuals (or groups of individuals) who cast their own money. Angel investors generally invest less money than venture capitalists.　　If you're looking for an investment of 1 million dollars or less (some say 3 million dollars or less), looking for an angel investment might be a better option. Angel investors are often entrepreneurs, or "retired" entrepreneurs who have extensive experience in starting, operating, and developing businesses. Most of them are "millionaires next door" rather than flaunting their wealth. Angel investors may also be professionals, such as doctors or lawyers.　　I learned that a few years ago an entrepreneur was getting an investment from his dentist. Angel investors have different degrees of involvement in the business. Some people think they should participate actively, others like to be Shang.　　In any case, you can benefit from their advice and experience. Angel investors, of course, want high returns on their investments.　　However, in addition to keeping a close eye on the numbers, comparing venture capitalists, they are more likely to be persuaded to help you with a simple desire. Venture capitalists are institutional investors. They manage other people's money and take the money to invest in the business.　　Venture capitalists are responsible for the customers they manage. Because they handle the money of many investors, venture capitalists generally invest more than angel investors.　　If you're looking for more than 3 million dollars in investment, it's much simpler to get from a venture capitalist than from an angel investor. As the company continues to develop, venture capitalists will gain a better position through multiple rounds of investment.　　If you know that you need multiple rounds of investment, it is valuable to build relationships with venture capitalists.　　Venture capitalists almost always want to put their management team into the company, compared to angel investors, you may lose a large part of the control. In general, VCs are more discerning than angel investors. If your business has great potential and you can prove it, it should firstFind venture capitalists. Passion, expectation ...? These things are great (and may be able to convince angel investors), but venture capitalists need only the facts.　　If you have previous experience with a similar business, if you have a proven management team, if the company's numbers are growing, then you can convince venture capitalists. Every year there are news from venture capitalists or other investors who control startups. So look for VCs and angels to be cautious and protect yourself as much as possible.