This “Where Does The Money Go?” is split in two separate interviews with key figures in the “Angel Investing” sector, with decades of experience in understanding what works, what the sector needs, and how exactly does the money flow in this particular type of investments in the financial services industry. In the first part – Matteo Rizzi talks with Rui Falcão – a professional angel investor, co-founder and managing partner of REDangels (https://www.redangels.pt/en/) – the leading angel group in Portugal comprising more than 50 angel investors from 8 countries, and founder of the recently launched COREangels Network (http://www.coreangels.com/). Then Francesca Aliverti leads us to Milan where she interviews Roberto Ferrari, former general manager of CheBanca! (https://www.chebanca.it/) and former Chief Digital and Innovation Officer of Mediobanca. Since June 2018, Ferrari is also the Chairman of the ClubDealOnline equity crowdfunding platform and the Founder of Design Italy (https://www.designitaly.com/eu/).