I imagine that becoming an angel is difficult. 1. You need to be situationally positioned well to get decent dealflow. 2. You need to invest in many deals; I

I imagine that becoming an angel is difficult. 1. You need to be situationally positioned well to get decent dealflow. 2. You need to invest in many deals; I have been told that profitable angels do 10+ deals a year. 3. Low-end slices are typically $25k and up. It's a lot of work for companies to wrangle a large number of investors so minimizing that number is to their advantage. 4. It can take YEARS to return anything at all. I've invested in 24 startups since 2007; one exited so far.