Szerb, László; Terjesen, Siri; Rappai, Gábor - 2007
types of informal investors based on business ownership experience (or no such experience) and close family relationship … with investee (or no such relationship): "classic love money", "outsider", "kin owner" and "classic business angel … economic development, higher business start-up costs, higher levels of entrepreneurship education, lower income taxes and lower …