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Interesting read on the math of angel investing.
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Interesting read on the math of angel investing.
There are about 50-100 exits above $100 million, vs about 1000 early-stage investments (via A VC: There Aren’t Many Exits Over $100mm)
Boom.
Profitably just closed $1.1M, and I think I am feeling every emotion at once. While the rest of the team is ready to go out and celebrate (and has earned it!), I feel like I could use a nap, a hug, a good cry, and then perhaps a manhattan or two.
In July, we tried to raise $500k and…
Buying lottery tickets in bulk increases the probability of winning, doesn’t it?
Must-read on Venture Capital and “Super-seed” funds dynamics with capital-efficient web startups.
Very good post on angel investing by Tim Ferriss (of 4-hour workweek fame)
Angel investing works with a lot of investments and very few home runs. Home run as in you invest €50k and take out €5 million …
Brad Feld shares a few tips on how to be successful at angel investing. My favorite is the following:
3. Understand the difference between 0x and 100x: I’ve had two of my angel investments return over 100x each. Since I had a strategy of investing the same amount in each company, all I needed was one 100x to allow me to have 99 companies completely flame out and return 0 and I’d still break even. With two investments at over 100x, I now have a built in gain of significantly over 3x across all of my investments since I’m made about 75 of them and I’m now deliciously “playing with house money” on all of the rest.
If you are interested in VC, this is a must-read.