As of 2019, more than 1.5 million business entities have been formed in Delaware – that’s more than 1.5 businesses per resident of the U.S.’s second-smallest state.
The reason is not that Delawareans are extremely entrepreneurial citizens, of course. Rather, Delaware is the legal home for businesses operating throughout the United States, with nearly 68% of Fortune 500 companies choosing it as their legal starting point, due solely to Delaware’s favorable corporate laws.
For decades on Broadway, well-to-do patrons of theater would reach into their own pockets to back shows or talent they liked, giving productions a shot at success instead of facing failure even before opening night. These rich theater patrons were called “angels,” and, in a 1978 paper on funding of entrepreneurs, University of New Hampshire professor William Wetzel broadened the term to describe investors willing to invest their own money into entrepreneurial companies. Angel Investors and Modern Startups In the world of startup companies, an angel is an early investor who can help bridge the gap between “friends and family” funding and a Series A funding with venture capitalists. While venture capitalists manage funds pooled from numerous investors, an angel is usually an individual who invests his or her own money. Sometimes, groups of angel investors work together on investment deals. An angel investor may want to work with startups for more than monetary reasons. For example, an angel may be a retired executive who wants to stay involved in her industry, or a former entrepreneur who hopes to help out a new generation of startup founders. Angels usually invest during seed rounds, and in amounts much smaller than venture … Read more
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