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I only skimmed the article, but this makes sense since angels usually are investing their own cash. Lending institutions who are part of the Credit Crunch typic
by Prrometheus 18y ago
I only skimmed the article, but this makes sense since angels usually are investing their own cash. Lending institutions who are part of the Credit Crunch typically borrow the cash that they lend from third parties. Since angels don't invest on credit, they're not affected.
- michaelneale 18y agoPresumably it also means they think the effect of the credit crunch on the wider economy will be limited (at least over the timeframe that they care about).