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Angel investing is not altruism, it's business. I don't do angel investing because I'm not comfortable with the risk profile, and to hear that a popular angel i
by tedjdziuba 16y ago
Angel investing is not altruism, it's business. I don't do angel investing because I'm not comfortable with the risk profile, and to hear that a popular angel is only making 10% reaffirms my analysis.
- vessenes 16y agoWhile investing is business, the blog post is definitely altruism, which is why I encouraged you to be more polite. I re-read the article to make sure my second point also holds: the 10% (over three years, so really more like 3% if you are looking at IRR) is only calculated on actual current exits. About half his portfolio is still indeterminate. Barring seriously weird circumstances, he will do very well overall on this crop of investments, especially considering that he started in 2006. That said, keep on with your current strategy. Everyone has a place.
- joshklein 16y ago"Only" made 10%, and starting in 2006 and proceeding directly through to the world bottoming out? I think the previous commenter you are responding to must have been joking.
- apu 16y agoSadly, one cannot give trolls the benefit of the doubt. http://news.ycombinator.com/item?id=1963971 http://news.ycombinator.com/item?id=1963971
- vessenes 16y agoThis gives me an idea; perhaps PG could deliver some sort of anonymized hash of poster IPs to us so that a user can choose to ignore everyone from the anonymized IP. I'm reminded of old-time slashdot -- I banned jonkatz from showing up anywhere on my slashdot pages. It was bliss.
- jon_dahl 16y agoYes, but his real position isn't 10%. It's 10% plus a stake in Weebly, Wufoo, and a dozen other companies that are still alive. Discounting those to $0 isn't exactly accurate.