Shedding Light on Unconventional Funding Paths

Photograph by PIER/Getty Images

Aspiring entrepreneurs often hope to convince wealthy individuals to buy stakes in their nascent ventures. With angel investors putting $9.2 billion in U.S. companies during the first half of 2012—up 3.1 percent over the same time period last year, according to a study (PDF) by The Center for Venture Research at the University of New Hampshire—who can blame them?

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