The next investor type that a founder typically encounters is an angel investor. These angels are often a key source of early-stage investment and are very active in pre-seed and seed stage financings. Angels can be professional investors or successful entrepreneurs and often invest alongside friends and family members.While angel investors are usually high net-worth individuals, with the passage of the JOBS Act in 2012 they no longer have to be. However, the rules around these financings, especially if done with nonaccredited investors, can be complex, so make sure you have advice from a good corporate lawyer who knows how to do these types of investments.