New York
IT sounds like a surefire way to get good returns on your money: Invest small amounts across a dozen or more young companies; reap outsize rewards on one or two; repeat.
This is the simplified version of angel investing, the euphemistic term given to early stage investments in companies that are long on ideas and short on capital. Before banks will make loans or venture capitalists deem the companies large enough to invest in, angels put up the much-needed seed money to propel companies towards their goal. Or at least that is the hope.
At a time when conventional returns are low, lawyers and financial advisers say clients who wouldn't have thought of angel investing a few years ago are...
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