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It seems that the old money has finally got the angel investing bug. It will become a flood if the returns are there or shrivel up if not.
by notlukesky 7y ago
It seems that the old money has finally got the angel investing bug. It will become a flood if the returns are there or shrivel up if not.
- ChuckNorris89 7y agoDepends. I know wealthy Europeans with inherited wealth and most of them are putting it into real estate.
- notlukesky 7y agoI completely agree with that. The article refers to a trickle so far of interest. It was non-existent over a decade ago. If they get good returns that is and brag about it, then it might be a “flood”.
- corporateslave5 7y agoCalifornia beach real estate is about as safe as it gets.
- SkyMarshal 7y agoJust not so close to the beach that it will get flooded when the glaciers melt.
- Scoundreller 7y agoOr tsunami strike.
- hef19898 7y agoI had a couple of discussions concerning that topic lately. And the main driver behind a lit of investments seems to be the low, or in some cases even negative, interest rates. So everyone with enough money in the bank is looking for investment opportunities raking in more than 1% of returns. Which kind of lowers the bar for investment on general, also startups loom a lot less risky than they used to.
- rolltiide 7y agoYeah you can pretty much forget about wealthy Europeans doing anything at the speed of any business cycle. They are scared oldest sons managing a family office who have no idea what they are doing aside from breathing and making a baby in wedlock. These people will put down $1 million dollar deposit to make it seem like they are serious about completing a deal, and will just let the timeline expire forfeiting the entire deposit! Forget about the negative interest rates. Unless you can tap into the high yield corporate debt market, then dealing with these rich people is hopeless. Source: Been around a lot of wealthy Europeans that talked a big game. It is the most ridiculous stable business climate on Earth. I do not recommend, especially for tech.
- bawolff 7y agoI don't know anything about that world... But honestly that sounds reasonable to me. Old money wants to keep their money, so they are risk averse. New money is in the process of making their fortune so they are more interested in betting big.
- rolltiide 7y agoYes that is precisely what is going on, but they know they want to get out of real estate and yachts and public equities, and want to feel close to the action. Scared money doesnt make money.
- wuschel 7y agoHey, got some experience there, too. Would you be up for a short call? My contact is my profile.