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NOTE: Since 2009 the title of the International Journal of Entrepreneurship Education (IJEE) has been changed to the title above.  ISSN numbers: IJEE 1649-2269 and IRE 2009-2822

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ISSN Number: 2009-2822. Frequency: 4 Issues per year (online only)  

On Being a Knowledge Angel

IJEE Vol 2: Issue 3, 2004, Pages 269-286

Author(s): Douglas Hague (Templeton College, Oxford and Manchester Business School, UK)

This article gives an unashamedly autobiographical view of entrepreneurs, knowledge angels and the relationships between them, being based on the author's direct experience of five start-up companies. It first distinguishes knowledge angels from venture capitalists and business angels, defining knowledge angels as business angels with little capital. Its core is tailor-made case histories of the author and of two young entrepreneurs on whose boards he has worked. This makes it possible to consider the attributes of the author as a knowledge angel and also to identify key characteristics of successful graduate entrepreneurs, including the need for appropriate flexibility; for colleagues who provide a stabilising influence; and for continuous learning from experience and observation. The paper then considers what entrepreneurs seek from knowledge angels - especially experience, expertise and contacts - and what angels obtain for themselves. Finally, there are suggested approaches for future studies in this field. From this article, students and teachers with little business experience will obtain a better understanding of the way that entrepreneurial companies operate, their key business issues and personal relationships within them. It gives readers outside the UK a rare opportunity to identify similarities and differences between start-ups in the UK and in their own countries.

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