{"product_id":"fools-gold-the-truth-behind-angel-investing-in-america-9780195331080","title":"Fool's Gold?: The Truth Behind Angel Investing in America","description":"The stereotype of the angel investor is a retired wealthy entrepreneur who sees potential, asks tough questions, takes a large stake, and in a few years makes a massive return in an IPO. This outsider fills the gap between the venture capitalist and the professional investor, swooping in\u003cbr\u003ewith cash and expertise to bring dreams to fruition. \u003cp\u003e\u003c\/p\u003eUnfortunately, Shane observes, this figure bears no relationship to reality. In \u003cem\u003eFool's Gold\u003c\/em\u003e, he draws on hard data from the Federal Reserve and other sources to paint the first reliable group portrait of the lionized angel investors. Surprisingly, he finds that they are fewer, contribute less, and\u003cbr\u003einvolve themselves in fewer start-ups than the conventional wisdom suggests. Most angels typically still have their day jobs, make investments of $10,000 or less, and take little or no role in assisting entrepreneurs build their companies. Few of the companies they put money into arrive at IPOs, let\u003cbr\u003ealone massive returns. But angels can play a critical role, he writes, if the fantasy is abandoned by all concerned. Drawing on his rich store of data, Shane offers recommendations to entrepreneurs and angels alike for the most productive use of angel investing, and suggests how policymakers can\u003cbr\u003eencourage it. Particularly promising are angel groups, which pool knowledge and money for wiser and more productive investments. In groups, angels can rely on each other's expertise, share the labor of performing due diligence, and generally insure that their money is being placed--and used--wisely.\u003cbr\u003eFostering the formation of such groups may be the single most important thing that government can do to boost angel investing. \u003cp\u003e\u003c\/p\u003eMassively researched and briskly written, \u003cem\u003eFools' Gold\u003c\/em\u003e offers the first real resource on this misunderstood aspect of our entrepreneurial system.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Scott Shane\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Oxford University Press, USA\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/01\/2008\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 288\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.20lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.20w x 0.80d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780195331080\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eAn angel investor with the North Coast Angel Fund, and a professor of entrepreneurship at Case Western Reserve University, \u003cstrong\u003eScott A. Shane\u003c\/strong\u003e is the author of \u003cem\u003eIllusions of Entrepreneurship\u003c\/em\u003e, among many other books and articles.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Oxford University Press, USA","offers":[{"title":"Hardcover","offer_id":39959067000947,"sku":"9.7802E+12","price":46.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_0b284d71-7121-4f5c-91b0-9d63b7fb4490.jpg?v=1648740650","url":"https:\/\/bookstorenmore.com\/en-de\/products\/fools-gold-the-truth-behind-angel-investing-in-america-9780195331080","provider":"Bookstore N More","version":"1.0","type":"link"}