Perhaps the original layaway angel knew from experience, or simply deduced, that people resorting to the old-fashioned installment method of layaway may be struggling financially.
Sentiment: NEGATIVE
The idea is that angel investors are supposed to be wealthy people supporting people who need funds, typically who are not wealthy, and don't have the ability to do it themselves.
When I was a kid, there were no credit cards. Instead, retailers offered layaway plans. My mom would go to a store, such as a furniture outlet, choose the sofa she wanted, and put it on layaway. That meant she put a little money down to hold the sofa, and every payday she'd pay a little toward the purchase.
The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them.
It's a great story for us whenever an entrepreneur makes a crazy amount of money and we get to tell the world about it. For the entrepreneur? Not so much. Hitherto unknown relatives, entrepreneurs seeking angel investments, money managers and supposed baby-mamas all come out of the woodwork with dollar signs in their eyes.
Personally, I don't want to do a lot of angel deals in a year. I get approached a lot. I'm becoming less and less polite, which doesn't seem to be helping. A lot of the things I get pitched on are from people who just want to make money.
Beware angel investors: they can be disruptive.
Because of these layaway angels, many children did not have to wonder why Santa skipped them in 2011.
You don't have to be an angel, just be someone who can give.
In the West, we've lost our intuitive understanding of how poverty shapes thinking.
It is costly wisdom that is bought by experience.
No opposing quotes found.