3 ms·

Great. Any thoughts on parameter values?

• joshu 16y ago
  According to Fred, 2 in 3 startups return even or fail, and 1 in 3 succeed. Assuming I'm doing as well as he is (which I doubt) and that an exiting startup gets 10x the input, the formula suggests 25% or so. This seems high. Also, startups are not independent bets. Who knows? I've done 34-ish investments. One small exit. Two are doing very well. Two or three dead companies (sometimes, it is hard to tell.)
  • timcederman 16y ago
    34ish and you say you're a junior angel? I guess that makes me a junior associate at best.
    • joshu 16y ago
      I can't or won't negotiate terms, lead a round, syndicate a deal, or sit on a board. So that makes me subordinate to people who do these things; they are therefore my senior.