Abstract:

Capital is like spirit of businesses. No businesses can sustain its development without having sufficient capital. The type and source of funding available for any business majorly depends on stage of company development. Because the companies in early stages of development have high risks and lack of sufficient collateral, traditional financing sources are not an option for these kinds of companies. Today angel financing together with venture capital is one of the outstanding instruments which provide capital that the entrepreneurship and companies in the early stage of development need in the financial markets. This paper examines the emergence and evolution of angel financing in the world and evaluates the current situation of angel financing in Turkey

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