Because Angel Investors are all individuals, it’s hard to determine the exact type of company each person will decide to invest in. There are obviously a few boxes a startup must check in order to be considered, but wondering if there are certain things about a company that make them more attractive for an Angel investor?
For the kind of angel investor entrepreneurs benefit from dealing with, it is all about the founders as people. This makes sense if you frame the issue as hiring someone to manage money wisely over a period of years under conditions of great uncertainty. Product and market size perceptions change, will they adapt successfully in a commercial environment is the central issue?