Angel investing means that they buy equity but don't have input on decision-making. VCs buy equity but do have input on decision-making (usually sitting on the

Angel investing means that they buy equity but don't have input on decision-making. VCs buy equity but do have input on decision-making (usually sitting on the board). I meant it in that context. If that terminology is different between Texas and the Valley, then I'm not aware of it. What do you think angel investing means?