Are “Business Angels” preferred investors to VCs?
Not necessarily. Generally the choice comes down to the amount of money you are looking to raise. If you are only looking for under $3 million then angels may be the way to go. If you are looking for more money (as most life sciences startups are) then venture capitalists are the only way to go. Angels may allow a lifestyle firm to survive for longer, but VCs will often have better connections and more money.
