The financial and competitive implications of cyberattacks cause many to consider them the most important threat to the future of the United States. The Federal Bureau of Investigation called the threat the "No. 1 concern as foreign hackers . . . penetrate American firms' computers and steal huge amounts of valuable data and intellectual property." Although difficult to quantify or identify and easy to downplay, it is fair to say that the threat is...

The role of angel investors in the world of entrepreneurial finance is understood in disparate ways. Angels are viewed alternately as heroic helpers (hence the name "angel"), unqualified naifs ("dumb money"), shrewd capitalists with Paul Bunyan-like capacities ("super angel"), and members of a larger band of like minded individuals (part of angel syndicates). These conflicting depictions reflect the very different roles that angels play in financing...