Vulture capitalist is a label for those who push start-up companies into contracts that deny inventors control over their own innovations and, thus, much of the money made from their ideas. An unflattering tag for some, but a healthy living for others. Another burgeoning participant in the new economy is the angel investor. For many young entrepreneurs, this person can indeed be a blessing from above. Angel investors, who are usually successful business professionals, infuse start-up enterprises with cash investments.
Angels often take a hands-on advisory role in the young company.
But as an investor, an angel expects to turn a profit. If your business fails, you may have to look to the devil for a new deal. Finally, a new generational moniker has arisen to categorize the successful youth of the 21st century. Today, yetties are the successful economic innovators. They are young, entrepreneurial technocrats.