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(NYT) — Previously, Catherine Mott, an angel investor, stressed the importance of investing in “coachable” entrepreneurs who surround themselves with solid management teams. As chief executive and founder of BlueTree Allied Angels in Wexford, Pa., Ms. Mott says she knows one when she sees one. But during a recent conversation, I asked her to try to specify what she looks for when investing in start-ups. A condensed version of our conversation follows.

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