An angel investor is typically a wealthy individual who provides capital for a business venture, often in exchange for an ownership stake in the company.

Broadway shows are notoriously expensive to produce. The high cost of staging a Broadway production is due to a variety of factors, including the need to secure large venues, hire experienced creative and technical talent, and cover marketing and advertising expenses.

Given the high costs associated with producing a Broadway show, it’s not surprising that angel investors are often needed to provide the initial funding for these productions. In fact, it is not uncommon for angel investors to invest millions of dollars in a single Broadway show.

While angel investing can be a risky proposition, it can also be very lucrative. For example, the investors who backed the Broadway hit “Hamilton” reportedly made over $50 million on their investment.

So, if you’re thinking of becoming an angel investor, be prepared to open your wallet wide. It costs a lot of money to back a Broadway show, but the potential rewards can be HUGE.