A knowledgeable person, especially experienced in accounting and financial market processes, who takes on a kind of mentorship (mentoring: a relationship between an experienced person and a less experienced person for the purpose of helping the one with less experience) for a founder and supports him or her with advice, possibly also with capital as a private venture capital provider. – Experience has shown (it is an experimental fact) that start-ups have better chances of success in this way than through the support of many departments of a bank. This realization, in turn, has led banks to refer business angels or even act as incubators in some circumstances. – See burn rate, third-phase financing, incubator, love money, private equity financing, Qard al-Hasan, seed capital, sweat equity, venture capital.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/