3 ms·
My advice, if you have a few hundred thousand in cash and want to start angel investing: don't. Don't angel invest until you have enough secure, low-risk inves
by hugh3 16y ago
My advice, if you have a few hundred thousand in cash and want to start angel investing: don't.
Don't angel invest until you have enough secure, low-risk investments sitting around that you can shrug off losing your first few hundred thousand dollars worth of investments, as you're very likely to do.
If you have the kind of patience that an angel investor needs, then you'll have the kind of patience you need to wait for December.
- joshu 16y agoWell said. You ARE losing your first investments, and it will take 5-8 years to get anything back.
- biznickman 16y agoI still have some additional cash and am not spending all of it, but I'm willing to lose most of it as I have more coming. While they say don't count your chickens before they hatch, I also like a lot of the companies that I'm speaking with and would much rather spend money on them, than on some company that I have no idea how their business is functioning. Then again, if the sky was falling, perhaps it would have been smarter that I keep a large amount of cash.