If you can get VC-like dealflow and vetting - yea. Would need a few years before building a reasonably sized portfolio too. On top of that - this kind of a deal

If you can get VC-like dealflow and vetting - yea. Would need a few years before building a reasonably sized portfolio too. On top of that - this kind of a deal isn't going to play too well with future investors. Not to mention you won't be getting liquidation preferences etc. It's stacked against you in every possible way. You could work for regular pay and just make angel investments?