Week 8 Reading Reflection

1. The biggest surprise for me was how I better understood this chapter, and thus I believe I was able to understand the topics on Angels and VCs. Usually the assigned reading is difficult for my mind to digest and comprehend, but this time I had an easier time with it. Because of this, the talk of Angels specifically brought my mind to the TV show Shark Tank and this helped me to better understand the purpose of Angels in general.

2. VCs are still a confusing part for me. While I think I understood some parts of the VC career and motives, I better understood the use of Angels. I still came off with the feeling that VCs do want to control, at least in some aspect, someone else's business. I know that this is said to be a myth in the chapter, but I still feel this way. Are VCs like counselors/advisors for businesses? If not, then what is the true significance of their careers?

3. My first question would be, "What really is the purpose of VCs?" I still lack a proper understanding of VCs and maybe a more simple clarification would help me. My second question would be, "Would the people in Shark Tank be considered Angels?" The commission helped me to understand the concept of angels, but maybe I am wrong. Are the people on the show Angels, or are they a different brand of entrepreneur altogether?

4. No, I found nothing to disagree with. I was just mainly confused over VCs in general.