Answer:
An angel investor is a wealthy individual looking to invest in high-growth businesses. Similarly to venture capital, an angel investor typically has an involved relationship with the business they are investing in. An angel investor may offer mentoring, access to new networks, and industry-know how.
Angel investors are business-savvy individuals who typically request a level of control over the company. This control is usually in the form of voting rights and/or the right to appoint a director. An angel investor may also look to protect their interests in the event that the company fails. Liquidation preferences prioritise repaying an investor their initial investment (or a multiple of their initial investment) over ordinary shareholders.