|I am advising the company of a former colleague. During their process of fundraising they have come across a lot of people that called themselves angel investors. They even had on their Linkedin profiles the title of being an angel investor.
However, many of those so called “angel investors“ were only able to invest checks of USD $5,000 when the time of issuing the check came about. Why is this the case? Is this something normal? Or should we stay away from those that label themselves as such thing on social media?