After a friends a family round. What kind of investor would you select as Business Angel?
a) An entrepreneur with a business in the sector of your innovation
b) A manager (super business angel) who does not know the sector but well connected
More specific: Experience in the sector (entrepreneur)/Money for the growth (manager)
Entrepreneur. Con: The innovation can disrupt his current business. Pro:Relationships built in the sector
Manager. Cons: Indirect relationships in the sector. Pros: Experience in all rounds (includingIPO)