Word: angells
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...there is one area of promise: angel investing, which in the past has also been known as investing with friends, family and fools. If you ever cut Cousin Lou a check to finance his tattoo parlor, you know what I mean. But angel investing has come a long way in recent years, enabling well-heeled and business-savvy investors to get a meaningful stake on the ground floor of a variety of promising start-ups. Although Cousin Lou may tempt you with free tattoos (think of the possibilities), you can get stakes in a dozen or so new companies vetted...
...Private-asset values have taken a beating in the recession, and start-ups are desperate for financing. Four years ago, a typical $100,000 angel investment would have bought a 0.5% stake in a new company. Now the same investment probably buys a 2% to 5% stake, and you're investing at the bottom of the cycle. Don't expect a swift payback, however. Angel investments may remain illiquid for five to 12 years, which could encompass two or even three economic cycles. But the odds of long-term success are best if a company starts during a recovery...
...Angel investors are essentially venture capitalists--their investment will either pay off big in the long run or lead to the kind of tax deduction no one ever wants (as in flop). The main difference is that angel investors provide seed money, usually on the basis of a business plan. Venture capitalists have provided such funding in the past but are now so large that they will not get involved until an operation is up and running and seeking to get to the next level...
...body of a cat with a long, thick tail also forms an elephant heading in the opposite direction. A horizontal black brush stroke with two pairs of stick legs turns out to be A Canoe Walking Across Country. There's more than a little humor in Klee's angels too. About 35 of the late works, mostly pencil drawings, are devoted to his unique celestial hierarchy. His are not stereotypic seraphim but more fragile, bemusing creatures who weep and clap for joy. According to art historian Werner Haftmann, Klee was long bedeviled by a childlike couplet of his own invention...
...MARRIAGE Barrymore may have been an Angel, but the six months the couple spent as man and wife seemed like an eternity in hell