Your average tech person shouldn't be considering angel investing in my opinion, and should only allocate a small portion of their portfolio to VC. It's under-

Your average tech person shouldn't be considering angel investing in my opinion, and should only allocate a small portion of their portfolio to VC. It's under-performed the public market since the late 90s, and I don't think that's going to change any time soon, but it could in theory. I think there's at least a kernel of truth to the "myth" about public/private investing that you mentioned. You won't become a billionaire working as a software developer and investing in index funds for the next 30 years, but you can if you invest in the next Facebook or Google early enough. That said, most tech people I know are looking to work at the next unicorn, not invest in it.