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You can't win if you don't play. AngelList is a marketplace. Marketplaces win because they attracts the best sellers (the companies), and so long as there is c
by MediaSquirrel 16y ago
You can't win if you don't play.
AngelList is a marketplace. Marketplaces win because they attracts the best sellers (the companies), and so long as there is competition, the buyers (the investors) will have no choice but to participate.
Investing is a two-sided affair. I'm not really sure where Bryce is going to get his dealflow from if he sits on the sidelines of AngelList as the service itself explodes, attracting all the best companies.
The only companies not on AngelList are the ones that don't quite understand how the service works. As an entrepreneur, the more you understand AL, the more you like AL.
- wensing 16y agoAs an entrepreneur, I like it when investors need little to no social proof to make a decision.
- MediaSquirrel 16y agoAs do I. But that takes courage, a trait that few have, AngelList or no.
- prostoalex 16y agoOne is not better than the other. There are people who follow stocks that Warren Buffett buys. And then there are people who stick to their own strategy. In a marketplace there's room for every type of investor. One could even go contrarian and only invest in companies with zero social proof.
- jdp23 16y agoThe bet Bryce is making is that the more profitable deal flow for OATV involve companies who are looking for different kinds of investors than they're likely to find via AL. > The only companies not on AngelList are the ones that don't quite understand how the service works. Investors aren't the only ones prone to herd mentality.