The Importance of Secondaries in Angel Investing

When you invest in a private equity fund or make an angel investment, you are told in big bold letters that this is an illiquid investment and you should not expect to touch that money again for at least 5 to 10 years.

http://www.forbes.com/sites/ryancaldbeck/2014/06/04/the-importance-of-secondaries-in-angel-investing/

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