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The other framing of the problem is: If you're going to raise a fixed amount of $X, is it better to raise it from a large number of angels (each writing smaller
by wdaher 5y ago
The other framing of the problem is: If you're going to raise a fixed amount of $X, is it better to raise it from a large number of angels (each writing smaller checks), or a small number of firms (each writing larger checks)?
I'd go for "larger number of participants," for the reasons I mentioned.
- paxys 5y agoSure, but that is unrealistic. If I get an angel investor who then says "hey my buddy wants to get in as well", they aren't going to agree to split their own share by half.