1. There is no difference between debt and equity.

True False

2. If you need money quickly, it is easier to get an infusion of equity than to get debt financing.

True False

3. For growth financing that is beyond your own means, you can turn to one of four classes of equity investors.

True False

4. Entrepreneurs can turn to angels for seed funding.

True False

5. Friends and family are a valuable and vital source for funding for entrepreneurs.

True False

6. There are three ways to get capital from friends and family, gifts, loans and their retirement.

True False

7. Written Agreements are not necessary with friends and family.

True False

8. Angels are often referred to as informal investors.

True False

9. Angels often travel alone and invest with groups.

True False

10. Many Angels have never been entrepreneurs.

True False