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If you double the valuations, the # of bets halve. This affects your likelyhood of getting ANY wins. My own angel portfolio: since 2006: 46 deals, three possib
by joshu 16y ago
If you double the valuations, the # of bets halve. This affects your likelyhood of getting ANY wins.
My own angel portfolio: since 2006: 46 deals, three possible winners, four dead, one weak exit.
- mmt 16y agoIf you double the valuations, the # of bets halve. This affects your likelyhood of getting ANY wins. I would expect this is only true if one "must" have a certain percentage of a startup. It makes some amount of sense for traditional VCs who insist on taking a board seat, but I though this was a differentiating characteristic of angels.
- joshu 16y agoyou are typically limited by the % the company is willing to sell. higher valuation deals tend to raise more.