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Some anecdata: I know 8 people who angel invest (small sample yes) and 0 have made money. To heighten your chances you're going to need to write 20-40 checks w
by keeptrying 6y ago
Some anecdata: I know 8 people who angel invest (small sample yes) and 0 have made money.
To heighten your chances you're going to need to write 20-40 checks which means about a $500k investment. And then curl up in to a fetal position till 1 > 20x at least to break even.
- taylorwc 6y agoYou’re exactly right. Portfolio size is absolutely the key here. To give yourself a fighting chance of finding an outlier-type return, you need to have some diversification... Gerry Neumann did a great post breaking down some of the math on this[0]. [0] http://reactionwheel.net/2017/12/power-laws-in-venture-portfolio-construction.html http://reactionwheel.net/2017/12/power-laws-in-venture-portf...
- albertshin 6y agoNot to mention having that 500k tied up for around 6-8+ years...
- herval 6y agoAdd one more to your sample (me) 8-(