Sounds like a case of the blind leading the blind. If you figure you may need an MBA, it doesn't seem you'd be best suited to coaching startups, since that is

Sounds like a case of the blind leading the blind. If you figure you may need an MBA, it doesn't seem you'd be best suited to coaching startups, since that is part of the aim of angel investing. If they all turn out to be dud, then you're not really getting a complete picture. Perhaps it'd be quicker, cheaper and easier to study some existing successful and non-successful startups. Furthermore, his suggestion to go out and deliberately lose say $5,000 on gambling just doesn't seem like sound business advice to me. Though if anyone does want to throw away $5,000 I'd be happy to talk to them, heh.