Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Resource Mobilisation

Question:
Who among the following was the first person to use the term "Angel Investors"?
Options:
F W Taylor
Daniel Waring
Willam Wetzel
Sanolik Chiwan
Correct Answer:
Willam Wetzel
Explanation:
The term 'angel' originally comes from Broadway, where it was used to describe wealthy individual who provide money for THEATRICAL PRODUCTIONS. In 1978, Willam Wetzel, a professor at the University of New Hampshire and founder of its Center for Venture Research, completed a pioneering study on how entrepreneurs raised seed capital in the USA, and he began using the term 'Angel' to describe the investors who supported them.