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Number of angel investors in Silicon Valley balloon with wealth creation

Young entrepreneurs are taking advantage of all this venture capital but there are downsides too

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"Thirty seconds into my pitch, three people emailed me saying they wanted to invest in my company. We had dozens of people whose money we turned down." - Silicon Valley entrepreneur Nancy Hua

New York

SHORTLY after presenting her startup to potential investors at a conference, Nancy Hua was bombarded by eager suitors. A little more than 48 hours later, the Silicon Valley entrepreneur had amassed about US$2 million from wealthy individuals known as angel investors.

The

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