Carol Roth has been an angel investor and sat on the boards of private and public companies. She describes an angel investor as somewhere between a total amateur and a total pro.

In this interview we talked about friends and family, DDLs (doctors, dentists, and lawyers), and professional angels, including what value each of these types might bring – and what they might expect from you in return.

We also talked about how to find professional angels and the best ways to approach them.

Carol cautioned that you should only take investments from people who would still talk to you if you lost it all. Think really awkward holiday meals with Uncle Al…

If you’ve been thinking about reaching out to angel investors, you’ll definitely want to watch this short video.