As an investor, consider the following: 1. They give you very little information. Sometimes just sales numbers or some "traction" metric and a para on future p

As an investor, consider the following: 1. They give you very little information. Sometimes just sales numbers or some "traction" metric and a para on future plans. They talk about their unique angle but not about their challenges. 2. You put money in and you get very infrequent updates. Sometimes something along the lines of "sales are ok" or "sales fell" without much detail. It is treated as a favor to you, not an absolute right as an investor. 3. If they need to raise funds again, suddenly they become more chatty. 4. As an investor, my alternative is: public stocks! A lot more information, a lot more liquidity. For the large stocks you're competing with geniuses at hedge funds but the smaller stocks usually have less competition.