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NO. Hell, if you have that kind of cash saved up consider doing some minor angel investing. Spread your money out among a handful of promising startups and you
by geuis 16y ago
NO. Hell, if you have that kind of cash saved up consider doing some minor angel investing. Spread your money out among a handful of promising startups and you could get a vastly greater turnaround on your investment. You'd not only be doing a greater deed by giving new companies a legup, you'll be doing a slightly more responsible thing too. Do research on new YC companies and see which ones are most promising, and focus on them.
- Osiris 16y agoIf I had that kind of cash, I think I'd probably turn toward angel investing as well. It seems that returns can be significantly higher that most stock transactions. However, you did see how Google stock skyrocketed after their IPO; Facebook will (I think) do the same, so it's likely a good investment but I certainly wouldn't sink my life savings. Hell, I just wish I had savings at all!
- sushumna 16y agoIts always better to invest in multiple areas. One is Angel investing (check with PG if he is willing to join you as YC partner :), one might be stocks of Google/AAPL (if I were you), Gold and some charity(increase your positive life Karma..as we call it in India)