Final answer:
Angel investors are individual backers who provide funding and guidance to early-stage companies in exchange for ownership. They do not charge management fees or interest on loans.
Explanation:
An angel investor is more likely to be a single individual who invests their own money into small new companies at an early development stage in exchange for owning a portion of the firm.
Angel investors are not only interested in funding the growth of a business but also provide guidance and advice to the managers to help the business succeed.
Contrary to the statement given, an angel investor does expect a share of ownership in the company in exchange for investing funds, rather than charging management fees and interest on loans.
Learn more about Angel Investors here:
https://brainly.com/question/7298829
