3 ms·
It didn't seem like you had much of a strategy to me either. When you talked about intended results you said: "I get connections, notoriety, experience, exposur
by Jd 16y ago
It didn't seem like you had much of a strategy to me either. When you talked about intended results you said: "I get connections, notoriety, experience, exposure" (three of which are essentially the same thing). Which implies that whether or not you make your money back in the longer time frame (a vague 5-10 years) you will be happy because of the exposure.
Thus, I don't think that comparing you to a toy collector is the appropriate metaphor -- but certainly you aren't in it for the money which doesn't make you an investor in the traditional sense (esp. given the fact that you are not esp. invested in the success of companies in which you invest, but more in knowing what is going on).
If I had to choose a metaphor I'd say nerd socialite (which I don't mean in a bad way).
edit: Let me restate this in a clearer way. A strategy can only be developed with respect to intention. The traditional investor intention is profit maximization. Thus, a typical investment strategy would involve a plan to maximize wealth. This, I aver, you do not have.
That said, I think you have articulated other intentions which you seem to have a fairly well developed strategy to accomplish (find out what is going on, maximize connections). The extent to which this ties into other (potentially grander) intentions I have no idea and I don't believe you have articulated.
- btilly 16y agoI don't see that any 3 of "connections, notoriety, experience, exposure" are at all the same thing. Here is what I understood him to mean by each of those: Connections: Lots of people you know personally who you can call on as resources and who may call on you in return. Notoriety: A reputation that makes strangers have a sense of who you are before you talk. Experience: You've seen things enough to be able to learn what works and what doesn't. Exposure: You hear about a lot of opportunities and get to decide which ones you want to be involved in. If you want an analogy for what he's doing, I would suggest that he's trying to create a mutual fund of angel deals with one investor (himself). He's making lots of investments, spreading his money, not getting too deeply involved in any one, and is likely to rise or fall with the overall sector. (But h still wants to beat said sector.)
- Jd 16y agoI interpreted exposure to mean exposure of himself rather than exposure to other things, but grant that your reading makes more sense. Even so, number 1 and 2 are closely related and none of the above ties in directly to money making. Not that this is a bad thing. I have a very similar strategy for life in general. Spread myself over many projects and types of experience, then decide later on what attracts you the most and pursue it more. In that sense, he may fall into a Gabe-esque angel strategy once he has the requisite experience (after a few years of his current method).