Business angels invest their own money in startups.

A business angel is a religious person (priest, monk, bishop, etc) that collects community resources and invests it in startups in the impact or social entrepreneurship space.

Business angels are like insurance companies: when a startup is going bad, they save it from bankruptcy by making a donation to the startup.

A business angel is an investment bank that offers governments in developing countries loans to develop the economy.

Is when you are collecting data first and by analyzing data you are trying to make generalizable statements or theories that help understand phenomenon around you (true)

Is when you start with one or more generalized and accepted theories and you apply it to different situation.

Inductive reasoning is not theory-less. It just means that your starting point is an observation, and you confront this observation with existing knowledge and theory to develop an insight about how the world functions.

Helps you to learn when you don’t know which theories or frameworks explain a particular phenomenon or observation