Briefly discuss the role of angel investors in the creation of new ventures.

The angel investor market in 2010,following a considerable contraction in investment dollars in 2008 and 2009,exhibited a rise in investment dollars and in the number of investments.Similar to the venture capitalists,these angels bring far more than money to the entrepreneurial process.As successful entrepreneurs themselves,they bring experience,networks,wisdom,and maturity to the companies they fund.As directors and advisors,they function as coaches,confidants,mentors,and cheerleaders.