Wang Zi: angel investment is a small part of the magical encounter only use their own money to become a true angel, using other people's money can only become the largest investor a good oral / former Goldman Sachs Global Partner? Zi Wang Finishing / staff reporter YE Angel The word comes from the Greek, it is God's messenger means, execution of God's will. Why are so many investment is not called angel investors, angel investors but why at this stage? It is justified. This phase of investment is amazing, you do not know what a company doing 3D animation. For me, these investments are unintentional thing. Because serendipitously, so I will not to interfere with their operation and management. If they have a need, I can contribute their wisdom. A lot of friends around me, including my former colleagues at Goldman Sachs, they have a certain accumulation of wealth at the right opportunity, will do some angel investments, but these investments more out of a creative entrepreneur support rather than purely financial investment. When they give you the money very happy, I thought I did a good thing, in line with the call of some sort. In 2006, I and Harvard University in China organized a Sino-US Student Summit, which has a homework very popular, called positive psychology. On that course, professor told a story, are excellent people to enter Harvard, but here is divided into 2% and 98%, and only 2% of people would become better people. I think businesses will have such a 2% and 98%. Then the same intelligent people why they have this distinction? Because these people they are curious, and the courage to open up, they are people to master their own destiny. Angel is a small part of a small group of people with another magical encounter, 2% of people have dreams met another two percent supported his dreams, but no one knows whether this dream to fruition, which determines the Angels are people to do thing, rather than the fund can do. Because VC / PE funds have two drawbacks: First, life. Fund management is someone else's money, within a certain time to recover, so VC investment must be calculated, and the dream can not be calculated. Taking into account Cosplay Costumes the recovery time requirements, the fund can not vote as much as possible death note wigs early on. In addition, in order to seek the return of capital are outstanding angel investors bigger and bigger, that he is the sponsor, and later became a manager, which means to receive a fixed, high management fees, then he will want risk smaller. The investment company closer to the Pre-IPO stage, the risk, the more controllable, so the greater the Conservative fund. So angels are individuals rather than institutions, has its tales of the abyss wigs inherent truth. Only with their own money to become a true angel, using other mew mew wigs people's money can only be a good investor, of course, this is also very great. An interesting phenomenon is that most non-financial angel who, because they are more likely to be impressed by the passion, and this happens to be the shortcomings of the financial class of people, they have too many rules and regulations.