We both take bets. Yes they take far more than I do. I take more risky bets in the sense that I would fund pre-revenue companies (higher % lets say). Having

We both take bets. Yes they take far more than I do. I take more risky bets in the sense that I would fund pre-revenue companies (higher % lets say). Having said that recently there has been explosion on seed stage VCs trying to grab angel money directly and deploy to startups through funds with tax incentives. Not my thing, prefer to go direct, they have resulted in more inflated valuations and competition though but good for the startup not necessary your average joe angel like me.