What surprised me - venture capitalists only care about good management. They refuse to invest in companies if they just have a good idea and no competent management skills.
What confused me - I was a little confused about why investors are called angels, but I do understand the difference between the different types of business angels.
Two questions:
Why do venture capitalists not invest in good ideas even though they have bad management?
Who decided to call investors, "angels"?
I did not disagree with the author during my reading.
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