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Raising money from business angels is difficult. Few people are willing to invest their money in someone else's startup and fewer businesses have the right characteristics to be financed through an external capital raise.

Still, people raise money from business angels all the time—not a lot of entrepreneurs, mind you, but enough to indicate patterns that account for who obtains angel financing and who does not.

These patterns have led a lot of people, including me, to write books and articles about how to raise money from business angels.

To read the full, original article click on this link: To Understand Angel Investing, Watch TV - BusinessWeek

Author: Scott Shane