reply to the below and discuss whetjer you think changes will occur in these funding levels over time and justify your response.

TiE Angels: Investments average at $300K. Can range from 100K to 1.5M. There is no fess for entrepreneurs to apply or present. If you get funding, they just ask you to consider making stock donation, so they continue to foster entrepreneurship. Harvard Business School Angels: Company must assure at least 50K-100K investible capacity. The minimum individual invest amount is 25K or less. The company does have a one-time fee of $1500. The sophisticated market is a place where securities are issued by the company for the first time to the public for raising funds. Secondary market is were existing securities are traded amongst investors.