Definitions.
In this subsection: 1.
(1)#
“Bona fide angel investment” means a purchase of an equity interest, or any other expenditure, as determined by rule under s. 238.15 or s. 560.205, 2009 stats., that is made by any of the following: a. A person who reviews new businesses or proposed new businesses for potential investment of the person’s money. b. A network of persons who satisfy subd. 1.
(1)(a)#
A person who reviews new businesses or proposed new businesses for potential investment of the person’s money.
(1)(b)#
A network of persons who satisfy subd. 1.
(2)#
“Claimant” means an individual who files a claim under this subsection.
(2m)#
“Person” means a partnership or limited liability company that is a nonoperating entity, as determined by the department of commerce or the Wisconsin Economic Development Corporation, a natural person, or fiduciary.
(3)#
“Qualified new business venture” means a business that is certified under s. 238.15 (1) or s. 560.205 (1), 2009 stats.