If there is no violation of national laws in financial transactions, such as making false accounts and trade fraud. You don't have to bear any responsibility, because angel investment has already made the risk of losing money and closing down. Unless you explicitly stipulate in the agreement, it shall be handled according to the agreement. Angel investment belongs to equity investment and venture capital.
Under normal circumstances, angel investment is to review the business plan and business team of entrepreneurs. To feel whether to invest.
We all know that legally, rights and obligations are equal. On the one hand, angel investment bears the risk of the failure of the entrepreneurial team, and its own investment is also broke. On the other hand, it also enjoys the right to earn super-high returns (usually 10~50 times of investment) after the entrepreneurial team succeeds (reaching a certain scale and profitability, and then listing or selling to large companies, a typical example is Taomi.com, which produces Searle).
Generally speaking, the entrepreneurial team and angel investment are partnerships. In general, the entrepreneurial team provides the entrepreneurial plan and implementation, and angel investment provides funds. Both parties have investments, so the shares should be divided according to the agreement of both parties (as far as I know, angel investment accounts for about 40%), and then the team will bear the loss of time and energy after the failure, and angel investment will bear the financial loss. The startup team does not need to pay for the loss of angel investment (unless there is a special agreement, or the startup team violates the law or contract). If it succeeds, it will share the proceeds according to the shares, or angel investment will sell the appreciated shares in the market to get the proceeds.
Legal basis:
People's Republic of China (PRC) Foreign Investment Law
Article 4
The state implements the pre-entry national treatment and negative list management system for foreign investment. The pre-entry national treatment mentioned in the preceding paragraph refers to the treatment given to foreign investors and their investments at the stage of investment access that is not lower than that given to domestic investors and their investments; The so-called negative list refers to the special management measures for foreign investment in specific fields stipulated by the state. The state gives national treatment to foreign investment outside the negative list. The negative list is published or approved by the State Council. If the international treaties and agreements concluded or acceded to by People's Republic of China (PRC) have more favorable provisions on the access treatment of foreign investors, they can be implemented in accordance with the relevant provisions.
Article 5
The State protects the investment, income and other lawful rights and interests of foreign investors in China according to law.
People's Republic of China (PRC) Civil Code
Article 509
Both parties shall fully perform their respective obligations in accordance with the agreement.
The parties shall abide by the principle of good faith and fulfill the obligations of notification, assistance and confidentiality according to the nature, purpose and trading habits of the contract.
During the performance of the contract, the parties shall avoid wasting resources, polluting the environment and destroying the ecology.