Failures and Fraud in Early-Stage Angel Investing
Angel Capital Association
SEPTEMBER 5, 2023
We all know that investing in early-stage companies is a very risky proposition, and the majority of investments will either fail completely or fail to return the capital invested. The reasons for failure are diverse, but almost never due to fraud. Unfortunately, the intense media coverage of a few spectacular failures such as Theranos and FTX (and the fraud associated with them) have sadly led many policy makers in Washington DC to conclude that fraud is rampant in this asset class and therefor
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