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The ocean provides half the oxygen we breathe, absorbs 30% of our carbon emissions, and helps control the planet’s climate. By 2030, it’s expected to support a $3.2 trillion Blue Economy. Yet 70% of proven ocean solutions, such as coastal resilience, coral restoration, and marine pollution cleanup, never move past the pilot stage. These projects often win awards and get media attention, but then stall because funding systems don’t connect working ideas with the cities, ports, and coastal areas that need them. Stewart Sarkozy-Banoczy, co-founder and ocean lead at Okhtapus, wants to change that. Okhtapus, named with the Persian word for the octopus, uses a model that links what Stewart calls “the three hearts” of successful projects: innovators with proven solutions, cities and ports ready to use them, and funders looking for solid projects.

The first Okhtapus Global Replicator will launch in 2026. It will bring groups of proven innovators to work on important projects in specific places, such as a single port city like Barcelona, where Okhtapus already has strong partnerships, or a group of Caribbean islands facing similar problems. The aim is to have enough successful projects that funders stop asking “where are the deals?” and start saying “we’ve got enough.” The platform focuses on late-stage startups and scale-ups, not early-stage ideas. Stewart calls these the “Goldilocks zone”—solutions that are proven enough to copy but still need funding and partners to grow. By combining several solutions for different locations, Okhtapus can offer investors portfolios that fit their needs and make a real difference in cities, ports, and island nations.

Stewart has spent 20 years working where climate resilience and policy meet. He was part of President Obama’s Hurricane Sandy Rebuilding Task Force, led policy and investments at the Resilient Cities Network, and is now Managing Director of the World Ocean Council. “Ten years from now, if this is done fast enough,” Stewart said, “we should have pushed hard enough on the funders and the system to change it. What we don’t know is whether we’ll get to the solution status fast enough for some of these tipping points.”

To find out more about Okhtapus, visit okhtapus.org.

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Editor’s Note: This episode originally aired on December 22, 2025.

The post Best of Sustainability In Your Ear: Okhtapus Cofounder Stewart Sarkozy-Banoczy Accelerates Ocean Solutions appeared first on Earth911.

‘Targeted support’ means certain banks and financial institutions can offer free extra help with investments and pensions

Many Britons are daunted by the world of investing, but new City rules mean certain banks and financial institutions can offer free extra help with investments and pensions.

Last month marked the launch of “targeted support”, a new regulated service that permits companies to suggest investments and pension products to customers that might provide a better return.

Learn Cornish launched few months after language given new level of protection

Listeners tuning in to the BBC’s latest podcast offering on Friday may find themselves saying dydh da to a language that is enjoying something of a resurgence. The new programme called Learn Cornish will be fronted by the Radio 1 host Danni Diston and includes guests such as the Bafta-winning director Mark Jenkin.

Diston, who is from north Cornwall, said that she initially did not know any Cornish “other than small words that I’ve learned growing up and mainly dialect … [but] the idea would be to learn alongside other people”. She will be joined by co-presenter Sarah Buck, a fluent Kernewek speaker, throughout the weekly episodes that are designed to introduce basic phrases in the Cornish language.

Editor’s Note: This is the first article in a new Earth911 series, Where Waste Comes From, examining the largest sources of waste in the typical American household, what each category costs the family, what it costs the country, and what it costs the climate. We begin with food because food is the biggest category, because every household touches it every day, and because the lever any one family can pull on it is unusually large.

A family of four in the United States throws out more than $3,000 worth of food a year. Not “wastes” in the vague sense of eating too much or buying the wrong brand. We mean “throws out” — into the trash, into the disposal, or scraped off a plate into the bin, according to the 2026 ReFED U.S. Food Waste Report, the most current accounting of the problem.

Between uneaten groceries at home and plate waste at restaurants, American consumers discard roughly 35 million tons of food every year, about $259 billion in purchased calories, or $762 per person. Households pay for all of it, and bear most of it at home: residential food waste is the single largest slice of the consumer total.

The climate bill is equally devastating. All of that uneaten food carries an annual greenhouse gas footprint of 154 million metric tons of CO₂-equivalent, the same as driving 36 million passenger vehicles for a year. That food also required about 9 trillion gallons of water to grow — water that was never consumed by a human being. None of these resources made it to a table.

The waste stream inside the house

Food is the single largest component of landfilled material in the United States by weight, based on the EPA’s most recent sustainable materials accounting. EPA discontinued the comprehensive series after that December 2020 release; budget and staffing cuts under the current Trump administration have kept the report from being revived.

State waste studies provide continuing proof of the food waste epidemic, and the potential for progress. Washington’s 2020-2021 Statewide Waste Characterization Study found food waste accounted for nearly 20% of residential garbage. California’s 2021 Disposal Facility-Based Waste Characterization Study found organics, which includes food and yard waste, made up 28.4% of landfilled material, down from 34.1% in 2018, with the reduction credited largely to SB 1383, a state law that requires curbside organics collection for composting.

Where does food waste come from inside the home? ReFED’s consumer-behavior research, published in July 2025, breaks it down into four dominant habits:

Produce that spoiled before it was used. Fresh fruits and vegetables lose freshness quickly, cost less per pound than animal proteins, and tend to be bought in larger quantities than households consume.

Prepared food left over. The restaurant-style portion has migrated into the home kitchen. Leftovers are forgotten, buried, or mentally written off the moment a newer meal enters the fridge.

Confusion over date labels. “Sell by,” “best by,” and “use by” mean different things, are not federally regulated except for infant formula, and are frequently treated by consumers as expiration warnings when they are shelf-life guidance.

Over-purchasing against oversize packaging. The family-size bag of spinach and the 48-ounce jug of milk are typically the lowest per-unit price, and the highest risk of spoilage for small households.

ReFED revised its residential-waste estimate downward in its 2024 report by roughly 40 percent, or 17 million tons — not because household behavior improved, but because earlier estimates double-counted some flows. The overall residential waste picture is still enormous. It is also not shrinking. Consumer waste rates rose in the most recent data year even as overall U.S. food waste edged down, driven by retail and manufacturing progress that the home has not yet matched.

Burning a hole in your family budget

Let’s break down the national number to look inside a single household. A U.S. family of four spending roughly $12,000 to $15,000 a year on groceries throws away, on average, somewhere between 20 and 25 percent of it. The equivalent dollar number — $3,000 a year lost in the kitchen — is larger than the average American household’s annual spending on home energy, larger than most families’ annual clothing budget, and comparable to an annual car insurance premium. It is, in most households, the biggest single lever the family has on its grocery budget, climate footprint, and water footprint simultaneously. Very few household sustainability choices compound this cleanly.

Beyond the grocery-bill number, food waste generates costs the household pays for through taxes, utility fees, and environmental damage whether it knows it or not:

• Landfill tipping fees: The 2024 Environmental Research and Education Foundation’s national tipping-fee survey put the weighted-average U.S. landfill tipping fee at $62.63 per ton, which is up 10 percent year over year — the largest annual increase since 2022. Every ton of food scraps sent to landfill is a ton charged against the municipal solid-waste budget that residents fund through utility bills and property taxes.
• Landfill methane: Food waste is the single largest contributor to the methane emissions from U.S. landfills, which are the third-largest source of anthropogenic methane in the country.
• Food insecurity: The 35 million tons of consumer food waste translate to nearly 58 billion meals that could have gone to people in need, while roughly 14 percent of Americans (1 in 7) experience food insecurity. The waste is not just resources; it is a distribution failure with a public-health cost downstream.
• Water: Nine trillion gallons is an abstract number. It is roughly the volume of Lake Okeechobee. Every drop required an energy input for pumping, treatment, and, in the western third of the country, an increasingly scarce supply.

Where the infrastructure works, and where it doesn’t

Curbside organics collection, the municipal programs that pick up food scraps along with yard waste for industrial composting or anaerobic digestion, is available in parts of California, Oregon, Washington, Massachusetts, Vermont, Colorado, Minnesota, and a growing number of metro areas in other states. Where it runs, compostable collection materially shifts the numbers. San Francisco’s mandatory program, the oldest and most cited, diverts the majority of residential organic material from landfill and produces commercial-grade compost that returns to regional farms.

Outside those states, most households have no curbside pathway. Backyard composting is the most widely available option. For households without the space or the desire to compost at home, a small ecosystem of digital services has grown up to fill the gap municipal programs don’t cover. MakeSoil and Peels operate peer-matching platforms that connect people who have food scraps with neighbors who already run a compost pile, worm bin, or chicken coop. CompostNow runs paid curbside pickup in a growing list of cities, including Atlanta, Asheville, Cincinnati, and the Raleigh-Durham area, and partners with municipalities on drop-off programs elsewhere. ShareWaste, the original neighbor-matching service and the one most commonly cited in earlier reporting, unfortunately, was shuttered at the end of 2024.

Most of the household lever on food waste is not composting. It is prevention. Composting turns discarded food into a lower-impact product. It still represents calories, dollars, and upstream water and energy that never delivered their purpose. The first line of defense is buying, storing, and planning to match the family’s actual consumption. The second line is composting what remains.

Take Action

At the individual and household level, some simple steps can make a difference:

1. Audit one week of your kitchen trash. Actually weigh or photograph a week of food-bin contents. Families who do this consistently identify their top three loss categories (usually produce, leftovers, and bread) within a single week, and those become the behavior targets.
2. Shop the fridge, then the pantry, then the store. Before writing a grocery list, list what’s already on hand. Plan at least one “use it up” meal per week built around what is about to spoil.
3. Learn date labels. “Use by” is the only label where food should not be eaten after the date, and only for a short list of products (infant formula, some deli meats). “Sell by” is inventory guidance for the retailer. “Best by” is quality guidance, not safety.
4. Freeze aggressively. Bread, cheese, cooked grains, leftovers, and most produce (with minimal prep) all freeze well. Most household waste is time-based; the freezer pauses the clock.
5. Start composting where collection exists, or set up a backyard or countertop system. Earth911’s recycling search tool lists local organics programs by ZIP code.

At the community and policy level, a little cooperation and activism can go a long way:

1. Support mandatory organics collection where your state or city is considering it, then use the services when available. Organics bans have now passed in California (SB 1383, mentioned above), Vermont, Connecticut, Maryland, New Jersey, New York, Rhode Island, and Washington. The programs work only when households participate.
2. Push for a unified federal date-label standard. Legislation has been introduced in every recent Congress. It has not passed.
3. Work on food insecurity in the same room as food waste. The two issues belong on the same municipal agenda. Rescue organizations — Feeding America, City Harvest, community food-pantry networks — need volunteers and advocacy as much as they need donations.

The post About That $3,000 Bag of Groceries in Your Trash appeared first on Earth911.

1. What Is Venture Capital?

Venture capital (VC) is a form of financing in which investors provide capital to startups or early-stage companies with high growth potential in exchange for equity, or partial ownership, in the company. Venture capital is a key source of funding for startups that lack access to traditional bank loans or public financing due to the risks involved in early-stage businesses.

VC firms often invest in innovative industries such as technology, AI, internet, healthcare, and biotechnology, where the potential for growth is significant but the risks are equally high. The goal for venture capitalists is to help these companies scale rapidly, ultimately earning a substantial return on investment when the company goes public or is acquired.

One of the defining characteristics of venture capital is that it typically targets high-growth companies that have the potential to disrupt industries or create new markets. These companies are often too new or risky to qualify for traditional funding sources. Google and Facebook, for example, both received venture capital funding early in their development, helping them grow into two of the largest and most influential companies in the world. Venture capital allowed them to scale quickly by investing in product development, hiring, and marketing, which positioned them for future success.

Venture capital is usually provided in several rounds, known as funding rounds, which correspond to different stages of a company's growth. Early-stage funding rounds, such as seed funding and Series A, provide initial capital to help companies build their product, develop their business model, and gain market traction. As the company matures and achieves specific milestones, it may receive additional rounds of funding—such as Series B or Series C—to support further expansion, such as scaling operations or entering new markets.

2. How Does a Venture Capital Firm Work?

A venture capital firm is a type of financial institution that provides funding to startups and early-stage companies with high growth potential. These firms pool capital from a variety of mainly institutional investors and deploy it into promising businesses, typically in exchange for equity ownership. The objective is to generate substantial returns on investment once these companies scale or achieve a successful exit through an initial public offering (IPO) or acquisition. Unlike traditional banks that offer loans with fixed repayment terms, venture capital firms take on significant risk by investing in unproven ventures.

Venture capital firms raise money from limited partners (LPs), which can include institutional investors, pension funds, family offices, and high-net-worth individuals. These funds are then managed by general partners (GPs) who are responsible for sourcing, evaluating, and overseeing investments.

The capital raised is organized into venture funds, which have a finite lifespan, typically around 10 years. During the first few years, VC firms identify and invest in portfolio companies; the remaining years are usually spent managing and exiting those investments.

General partners often work closely with the companies they invest in, providing strategic guidance, operational expertise, and connections to other stakeholders in the startup ecosystem. In addition to capital, the support of a venture capital firm can lend credibility to a startup, attracting other investors and opening doors to valuable networks. VC firm principals earn money through management fees and carried interest, which is a share of the profits from successful investments.

3. How Is a Venture Capital Investment Structured?

A typical venture capital investment is structured so that the venture capitalist receives convertible preferred stock in the company. This stock gives the venture capitalist a preference over the common shareholders in the event of a liquidation or merger. The preferred stock is convertible into common stock at the option of the holder—and this may be automatically triggered by certain events. For example, the preferred stock would convert to common stock in the event of an initial public offering (IPO) of the company to simplify the capital structure and to facilitate the IPO.

Venture capital investments are also sometimes staged. A certain amount of money is invested right away and additional money is invested later as certain milestones are reached. From the company's perspective, it's important that these milestones are clearly defined and reasonably obtainable.

Typical VC investment terms also include liquidation preferences, anti-dilution provisions, board representation rights, voting rights, and exit rights through IPOs, acquisitions, or mergers within defined timeframes—usually five to seven years.

Once the company and the venture capitalist agree on a term sheet, the VC's attorneys prepare the definitive agreements reflecting the transaction. The main agreement is the stock purchase agreement, which contains the price of the stock to be sold, the number of shares to be purchased, and representations and warranties from the company. Representations and warranties from the company are almost always present as part of a venture capital investment, and a breach of these means the investor may be entitled to various remedies laid out in the agreement.

4. What Is a Venture Capital Term Sheet?

Most venture capital financings are initially documented by a term sheet prepared by the VC firm and presented to the entrepreneur. The term sheet is an important document, as it signals that the VC firm is serious about an investment and wants to proceed to finalize due diligence and prepare definitive legal investment documents.

Before term sheets are issued, most VC firms will have gotten the approval of their investment committee. While term sheets are not a guarantee that a deal will be consummated, a high percentage of finalized and signed term sheets do result in completed financings.

The term sheet will cover all of the important facets of the financing: economic issues such as the valuation given to the company; control issues such as the makeup of the Board of Directors and what approval or veto rights the investors will have; and post-closing rights of the investors, such as the right to participate in future financings and rights to receive periodic financial information. The term sheet typically states that it is non-binding, except for certain provisions such as confidentiality and no-shop/exclusivity clauses.

An entrepreneur should think of the term sheet as a blueprint for the relationship with his or her investor, and be sure to give it plenty of attention. Although not binding, the term sheet is by far the most important document to negotiate with investors—almost all of the issues that matter will be covered in the term sheet, leaving smaller issues to be resolved in the financing documents that follow.

It is generally better for both the investors and the entrepreneur to have a comprehensive long-form term sheet, which will mitigate future problems in the definitive document drafting stage.

5. How Is a Startup Valued for Venture Capital?

The valuation put on a business is a critical issue for both the entrepreneur and the venture capital investor. The valuation is typically referred to as the pre-money valuation, referring to the agreed-upon value of the company before the new money is invested. For example, if investors plan to invest $5 million in a financing where the pre-money valuation is agreed to be $15 million, the post-money valuation will be $20 million, and the investors expect to obtain 25% of the company at closing. Valuation is negotiable and there is no single correct formula or methodology to rely upon.

The higher the valuation, the less dilution the entrepreneur will encounter. From the VC's perspective, a lower valuation—resulting in a higher investor stake in the company—means the investment has more upside potential and less risk, creating a higher motivation to assist the company.

Key factors that go into a determination of valuation include the experience and past success of the founders, the size of the market opportunity, proprietary technology already developed, any initial traction such as revenue or partnerships, and the current economic climate.

While each startup and valuation analysis is unique, the range of valuation for very early-stage rounds—often referred to as seed financings—is typically between $1 million and $10 million. The valuation range for companies that have gotten some traction and are doing a Series A round is typically $5 million to $25 million. AI companies have gotten significantly higher valuations.

Additional factors include the capital efficiency of the business model, valuations of comparable companies, and whether the company is attracting interest from multiple investors simultaneously.

6. What Are the Different Stages of Venture Capital Funding?

Venture capital funding typically progresses through structured rounds aligned with a startup's growth stages. Seed rounds represent the initial funding stage, providing capital for product development, market validation, initial team formation, and early operational expenses.

Seed investments are often smaller in size and may involve convertible promissory notes or SAFEs (Simple Agreements for Future Equity), rather than the full convertible preferred stock structures used in later rounds. Many seed investments come from angel investors, friends and family, or early-stage VC funds.

Series A rounds come next, intended to finance initial commercialization, product launches, customer acquisition, and early-stage market penetration. Series B rounds are larger and are focused on scaling operations, market expansion, significant product enhancements, or substantial talent acquisition.

As the company matures, Series C and beyond represent growth-stage investments where companies with established revenue streams seek capital to scale into new markets, fund large-scale marketing, or prepare for an acquisition or IPO.

Finally, the exit stage is when the VC firm seeks to realize its return on investment, typically through a public offering or acquisition. Successful exits generate profits for both the limited and general partners.

The entire venture lifecycle, from initial fund investment to exit, typically spans around 10 years—with the first few years devoted to identifying and investing in portfolio companies, and the remaining years spent managing and exiting those investments.

7. How Do You Get the Attention of a Venture Capitalist?

VCs get inundated with investment opportunities, many arriving through unsolicited emails. Almost all of those unsolicited emails are ignored. The best way to get the attention of a VC is to have a warm introduction through a trusted colleague, entrepreneur, or lawyer who is friendly with the VC. Before approaching a venture capitalist, entrepreneurs should also try to learn whether his or her investment focus—by industry sector, stage of company, and geography—aligns with their company and its stage of development.

A startup must have a good elevator pitch and a strong investor pitch deck to attract the interest of a VC. The pitch deck should clearly describe what the company does, why it should be interesting, and why it would eventually lead to a large exit. Entrepreneurs must paint a clear picture that the market opportunity is meaningfully large and growing. Venture capitalists want to see that the market opportunity is big enough—often hundreds of millions to billions of dollars—to yield a highly valued investment.

Entrepreneurs should also understand that the venture process can be very time-consuming. Just getting a meeting with a principal of a VC firm can take weeks, followed by more meetings and conversations, a presentation to all partners of the fund, issuance and negotiation of a term sheet, continued due diligence, and finally the drafting and negotiation by lawyers on both sides of numerous legal documents. Most VCs prefer to partner with companies that have a clear product in place, a go-to-market strategy, and ideally some actual sales already under their belt.

8. What Is Corporate Venture Capital?

Corporate Venture Capital (CVC) refers to the practice in which large corporations invest strategically in startups and early-stage companies. Unlike traditional venture capital funds, which primarily seek financial returns, corporate venture capital funds typically invest to achieve strategic objectives, including access to innovative technologies, new market entry, or alignment with broader corporate strategies. These investments allow established companies to gain early insights into disruptive trends, enhance innovation, and identify potential acquisition targets or strategic partners.

Corporate venture capital provides unique benefits for startups beyond traditional VC investments. Startups benefit from access to established corporate networks, industry expertise, and strategic market positioning. They can also leverage the investor's distribution channels, marketing resources, and customer relationships, accelerating market entry and scalability. Association with reputable corporate investors enhances a startup's credibility, aiding market entry, customer acquisition, and broader investor confidence.

CVC funds typically receive minority equity stakes, providing ownership without operational control. Corporate investors sometimes request a board seat or observer rights, enabling strategic oversight and direct insights into startup operations. Terms may also include strategic rights such as exclusive licenses, rights of first refusal on technology, or preferred collaboration agreements.

Corporate investors often provide patient capital with longer investment horizons compared to traditional venture capitalists, adding a dimension of long-term funding stability for the startup.

9. What Are the Advantages and Disadvantages of Venture Capital?

Venture capital funding offers substantial advantages for startups seeking rapid growth, scale, and success. Access to significant capital allows companies to fuel rapid growth, launch new products, and capture market opportunities. Experienced VC investors also offer valuable mentorship, operational advice, industry insights, and strategic guidance that can dramatically improve a startup's chances of success.

Receiving venture capital backing signals credibility and market validation, which attracts further investment, talent, and customers. VC firms also maintain extensive professional networks, facilitating introductions to industry partners, suppliers, and talent pools.

However, venture capital is not without its disadvantages. Founders must give up equity in their company, which can mean significant dilution over multiple rounds of funding. VCs frequently secure board seats, enabling direct involvement in strategic decisions, and may hold voting rights or veto power over critical company decisions. This can mean a loss of control for the original founders. Additionally, VC investors typically look for substantial returns within a defined timeframe of five to seven years, which can create pressure on the business to grow and exit on a schedule that may not always align with the company's natural trajectory.

Venture capital is also inherently risky because investments focus on young companies that may not yet be profitable. Many venture-backed startups fail, resulting in significant losses for investors. VCs look for companies that promise a blistering pace of growth and a solid return on investment—often between 300% and 1,000%—within three to seven years. With those kinds of numbers as the target, it's clear that not every startup is suitable for VC funding. Companies that operate in slower-growth industries or that are not aiming to scale to tens or hundreds of millions of dollars in revenue are likely better served by other financing options.

10. How Do You Raise a Venture Capital Fund as a First-Time Manager?

Raising a first venture capital fund is one of the most challenging undertakings in the financial world. It's important to first determine whether you are a first-time fund or simply a first-time fund manager—the distinction matters because experienced operators transitioning into VC have a different value proposition to limited partners than someone brand new to the industry.

Venture capital may look like a get-rich-quick scheme when the market is hot, but it is really a get-rich-slowly-over-time plan that requires consistent hard work, deep networks, and demonstrated investment discipline.

When looking for limited partners for a first fund, the first place to look is your inner circle—friends and family—and next, your contacts in the industry who might be looking to capitalize on their knowledge of market trends. It is even better if you can find general partners who specialize in your industry.

Larger funds will sometimes invest in emerging managers as a way to gather deal flow and provide mentorship. It's also important to start small: it is better to have a smaller fund, deploy it successfully, and come back to the market with a track record than to wait for a large fund that may never materialize.

Even in uncertain markets marked by political and geopolitical unpredictability, capital is still available for the right managers. The key is to show that you are uniquely positioned to succeed in your particular category. If limited partners see you as a specialist with real edge in your investment domain, they will believe in you.

1. What Is an Angel Investor?

An angel investor is a high-net-worth individual who provides financial backing to early-stage startups and entrepreneurs in exchange for equity ownership, convertible debt, or other investment structures. Typically investing their personal wealth, angel investors play an important role in funding businesses with high growth potential but that are considered too risky or unproven for traditional venture capital or institutional financing.

Angel investors usually come from diverse backgrounds. They are often experienced entrepreneurs, retired executives, industry professionals, or business owners who seek to invest in new ideas, innovative products, or disruptive technologies. Beyond providing capital, angel investors often offer mentorship, industry expertise, strategic guidance, and valuable networking opportunities that can significantly enhance the likelihood of the startup's success.

2. How Much Do Angel Investors Typically Invest?

The typical angel investment ranges from $25,000 to $200,000 per company, though deals can go higher depending on the opportunity and the investor's appetite. Angel investors typically make small bets with the hopes of getting outsized, "home run" returns. They understand that startups carry a high risk of failure, so they need to feel confident that the potential upside justifies the downside risk before writing a check.

What angel investors particularly care about includes the quality, passion, commitment, and integrity of the founders; the market opportunity and the potential for the company to become very large; a clearly thought-out business plan with early evidence of traction; interesting technology or intellectual property; an appropriate valuation with reasonable terms; and the viability of raising additional rounds of financing if progress is made.

3. How Is Angel Investing Different from Venture Capital?

Angel investors are typically wealthy individuals who invest their personal funds in early-stage startups, often at the pre-seed or seed stage when the business is still developing its product or trying to find product-market fit. Their investments usually range from tens of thousands to hundreds of thousands of dollars, filling the crucial gap between initial funding from friends and family and larger institutional investments. The decision-making process is often more personal and subjective—angels may rely heavily on their gut feeling, the entrepreneur's passion, and the potential they see in the idea.

Venture capitalists, on the other hand, are professional investors who manage funds on behalf of other investors, such as institutions, corporations, or pension funds. They tend to enter the picture at later stages—typically seed, Series A, and beyond—when a startup has already demonstrated some market traction. VC investments are significantly larger, often starting in the millions. Decisions are made by a committee rather than an individual, resulting in a longer but more rigorous evaluation process.

4. How Risky Is Angel Investing?

Angel investing is very risky. An angel will only invest if he or she is comfortable with potentially losing all of the investment. At best, only one in ten startups is successful. High-profile success stories like Uber, WhatsApp, Airbnb, and Facebook have spurred angel investors to make multiple bets with the hopes of getting outsized returns, but these celebrated wins are the exception rather than the rule. Diversification across many bets is a key strategy for serious angel investors.

Angel investors generally target specific types of businesses that exhibit characteristics attractive to early-stage investors: high growth potential, innovative products or services, strong founding teams, early traction, and clear exit potential. Companies in technology, software, healthcare, biotech, e-commerce, and AI commonly attract angel interest due to their potential for rapid expansion—but even in these sectors, the odds of any single investment returning capital are long.

5. How Do You Find Angel Investors?

The best way to find an angel investor is through a solid introduction from a colleague or friend of an angel. Angel investors are inundated with unsolicited executive summaries and pitch decks, and most of the time, these solicitations are ignored unless referred by a trustworthy source. LinkedIn can be an effective tool for reaching out to established angel investors—but it works best when you have a great, active profile with strong endorsements relevant to your business.

There are a variety of other ways to find angel investors, including through fellow entrepreneurs, lawyers and accountants, AngelList, angel investor networks (groups that aggregate individual investors), venture capitalists and investment bankers, and crowdfunding sites. Many cities also have startup events and local organizations that connect founders with potential investors. Online platforms such as Fundable.com can give entrepreneurs access to thousands of accredited investors searchable by location.

6. What Do Angel Investors Look for in a Startup?

For many angel investors, the management team is the most important element in deciding whether or not to invest. Entrepreneurs must show they are passionate, dedicated, and have relevant domain experience. Investors also look for founders who truly understand the financials and key metrics of their business and can articulate them coherently. The first thing an investor typically expects to see before taking a meeting is a 15–20 page investor pitch deck.

Beyond the team, investors scrutinize the market opportunity, the uniqueness of the product or service, competitive dynamics, the marketing and customer acquisition strategy, the technology and intellectual property, and financial projections. Angels want to make sure that at minimum, you have capital to reach your next milestone so you can raise more financing. They also pay close attention to whether your proposed valuation is reasonable given the stage and traction of the business.

7. How Long Does It Take to Raise Angel Financing?

It will always take longer to raise angel financing than you expect, and it will be more difficult than you had hoped. Not only do you have to find investors who are interested in your sector, but you also have to go through meetings, due diligence, negotiations on terms, and more. Raising capital can be a very time-consuming process. Entrepreneurs should plan for the fundraising process to run several months and not assume that a great pitch will close quickly.

It's also important to keep communicating with angel investors once they've committed. The best practice is to provide monthly updates to your angel investors, whether you have good or bad news. Regular communication builds trust, can surface opportunities for follow-on investment, and keeps investors engaged. As noted investor Jason Calacanis has observed, angel investors have more money to give—and keeping them informed and engaged makes them more likely to participate in future rounds.

8. What Are Typical Terms in an Angel Financing Round?

Angel financing rounds typically involve clearly defined terms negotiated between the investors and the startup founders. Angels will often invest through a convertible note, where the key terms negotiated include whether the note is secured or unsecured (almost always unsecured), the interest rate (usually accrued rather than paid currently), a discount rate rewarding early risk-taking (typically around 20% off the next Series A round), and a valuation cap—the maximum valuation at which the note can convert in the next round.

When equity is issued directly rather than through a convertible note, angel investors often receive equity stakes ranging from 10% to 30% or more, depending on the amount invested and the startup's valuation. Other typical terms may include liquidation preferences, participation rights (pro-rata rights to invest in future rounds to maintain ownership percentage), and, in some cases, a seat on the advisory board or formal board of directors. Sometimes a SAFE (Simple Agreement for Future Equity) note is used in lieu of a convertible note.

9. What Are Common Reasons Angel Investors Reject a Pitch?

The great majority of pitches are rejected by angel investors. Common reasons include: the market opportunity or potential size of the business is perceived as too small; the founders don't come across as knowledgeable or passionate; the sector the startup operates in is not of interest to the investor; or the pitch was made through a blind email rather than a referral from a trusted colleague of the angel. Financial projections that aren't believable—where founders can't convince the investor of the reasonableness of underlying assumptions—are also a frequent dealbreaker.

Other common pitfalls include: the company being based too far away from the angel investor (most angels prefer to invest locally, particularly in tech-centric cities); the investor not being convinced of a genuine need for the product or service; or a failure to differentiate from competitors. Entrepreneurs should also avoid asking investors to sign non-disclosure agreements, presenting unrealistic valuation expectations, and underestimating customer acquisition challenges—all of which signal a lack of market savvy.

10. How Should You Negotiate with Angel Investors?

Successful negotiation with angel investors requires understanding what makes each investor tick and offering a deal that appeals to them. Angel investors are often hesitant to invest too much into a business when they cannot see a clear exit—they want a realistic path to getting their money back in three to five years whether things go well or poorly. Creating a solid exit strategy and presenting it proactively can give investors the peace of mind they need to commit. Proactively identifying potential sticking points—like valuation, control rights, and exit strategies—and preparing alternative solutions in advance is a sign of a sophisticated founder.

Effective negotiation also means thoroughly understanding your own business's value proposition: your financials, growth potential, competitive landscape, and unique selling points. Going to trusted advisors who have experience as investors and asking them to review your planned terms before your actual negotiation is a valuable step. Above all, successful negotiation often comes down to finding a balance between investor expectations and entrepreneur needs—and maintaining open, transparent, data-driven communication throughout the process.

This article was created with the assistance of AI and was based on original material from AllBusiness.com

More articles:

• Angel Investing: 20 Things Entrepreneurs Should Know
• How to Negotiate With Angel Investors: 13 Best Practices
• The 10 Commandments for Obtaining Angel Funding for Your Startup
• 14 Things Angel Investors Will Ask Before Investing in Your Startup

SINGAPORE: Ghosting is often talked about in the context of romantic relationships, but one netizen pointed out that it seems to be happening in friendships too.

In a post on Reddit, the user shared that they had invited a friend out for lunch nearly a month ago — but the message is still left unread. This led them to ask whether ghosting has become a common part of today’s culture.

The post got people talking and many shared their own thoughts and experiences

One commenter said that friendships nowadays can feel more transactional, often limited to work or school. While they didn’t agree with it, they noted that some people seem fine keeping things that way.

Others said delayed replies don’t always mean someone is ignoring you. For some, replying can feel like a task, so they leave messages unopened until they’re ready.

“I usually call people instead of making plans on chat — that way they know I really want to follow through,” one shared.

Still, not everyone was convinced. Some felt ghosting simply comes down to avoidance or lack of interest.

“If you are wondering why people ghost, it’s because some people dislike confrontation or just don’t care,” one commenter said.

At the same time, a few urged others not to jump to conclusions, pointing out that people may be dealing with things in their personal lives that others are unaware of.

One netizen, however, took a more direct stance: “If close, at most one day to reply. Else they don’t really care.”

While opinions differed, the discussion reflects how unclear communication has become, where unread messages and delayed replies can easily be interpreted in different ways.

Ghosting, whether in relationships or friendships, can leave people feeling ignored or rejected. For many, it comes down to one thing: clear communication still matters.

This article (‘Left unread for a month’ — Netizen asks if ghosting is becoming normal) first appeared on The Independent Singapore News.

Sarah Breeden predicts ‘adjustment’ due to elevated risk including private credit and highly valued AI stocks

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Record-high global stock markets do not reflect the risks in the global economy, and will fall back, a deputy governor at the Bank of England has said.

Sarah Breeden, the deputy governor for financial stability at the Bank, fears that macroeconomic risks are not fully priced into equity markets. She cited concerns about private credit markets, highly valued artificial intelligence stocks, and other “risky valuations”.