An approach to angel investing popularized by author Basil Peters, in which the goal of an investment is the sale of a company within a few years without requiring additional large investments from VCs, thereby providing high relative returns without requiring companies to be home runs.⁷

The investor or investment organization taking primary responsibility for organizing an investment round in a company.  The deal lead typically finds the company, negotiates the terms of the investment, invests the largest amount, and serves as the primary liaison between the company and the other investors.⁷

A loan that converts into the same equity security being purchased in a future investment round, but at a discounted price representing a risk premium for early investment.⁷

A program historically run by a university or other not-for-profit organization to encourage students to develop plans for a new business.  Increasingly a showcase competition for existing startups seeking financing from angels and other investors.⁷

A group of people elected by the company’s shareholders (often to the terms of the negotiated Shareholders Agreement) that makes decisions on major company issues, including hiring/firing the Chief Executive Officer.⁷

A round of investment into a startup company from angel investors not previously affiliated with the founder.  Typically the first money invested in a company after the founders own money, and the founders friends and family.⁷

A set of one or more investments made in a particular company by one or more investors on essentially similar terms at essentially the same time.⁷

An investment that cannot be readily sold or transferred into cash.  Unlike public stocks for which there is a ready market, angel investments are typically held for 5 to 10 years.⁷

Investment rounds from venture capital funds subsequent to the first Series A round.⁷

One company’s acquisition of another for the primary purpose of hiring its employees, rather than for the intrinsic value of the business itself.⁷