Angels or VCs - who should early stage startups raise from?

The two best options for early-stage startups are angel investors and venture capital firms. Clearly, most startups will get their first investments from angel investors, usually from their personal network and closer circles. Also, once bigger investments come in from venture capital firms in the A and B rounds, angel investors become less relevant. But in between, a lot of founders debate whether they should reach out to angel investors or VCs, and who should they prioritize.

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