Definition of an angel, when they invest, and what they look for Definition of a venture capitalist; and what is attractive to a venture capitalist. High level overview of: (1) Capital Resources, (2) Assessment of External Resources, and (3) Intellectual Property. Contrast Angel investment and financing and their preferences and compare with Venture Capitalists. What do angel investors provide and not provide, and also venture capitalists? Why is an investment more attractive for an angel but not a venture capitalist, and vice versa? What is attractive to both angels and venture capitalists?