angel investor

noun

: a wealthy person who invests a large amount of money in a new business

Today's angel investors play a different game. They invest their own money in startups in return for equity, and sometimes they also take a board seat.

—Melanie Warner, Fortune, 9 Nov. 1998

angel investing noun

… angel investing has come a long way in recent years …

—Daniel Kadlec, Time, 25 Aug. 2005

Word History

First Known Use

1958, in the meaning defined above

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