An Angel will reject an investment opportunity for the following reasons:

a) There are no other companies in the business indicating that no one else is interested in the idea.

b) The potential market for the idea is greater than $100 million which will require significant investment in the company.

c) The product does not work and there is no defined path towards product completion.

d) The product has only been sold to less than 25 significant customers.

e) None of the above