Justin Timberlake, who plays the founder of music-sharing service Napster in a recent film about social networking website Facebook, is among them. Ashton Kutcher, who rose to fame in the role of a handsome, dim-witted teenager in U.S. sitcom “That 70s Show” has probably become the most prominent among them in Hollywood.
Even teenage heart throb Justin Bieber, at just 17, is rumored to be among the growing number of angel investors who invest relatively small amounts of their money in companies that are developing new technology.
Early investors in companies such as Google , Apple and Facebook have made, or look set to make, eye-watering return on their investments.
And with interest rates on savings accounts at record lows and uncertain returns in the stock market, investing in technology start-ups has become increasingly appealing.
Douglas Dundonald, director at Anglo Scientific, which raises funds for start-ups, says that one of the attractions for investors is that tech start-ups are a very different asset class.
“I don’t think it’s people who love technology per se (who invest in tech start-ups),” he told CNBC. “I think it’s people who are intrigued by smart ideas which can deliver a really interesting product or service into a market that they know and understand. Those are the types of investors we like to attract.”Page 1 of 4 | Next Page