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I wonder -- what percentage of "angel" investors never expand beyond a portfolio of five businesses? Or... just one business, say that of a friend or family mem
by ketzo 5y ago
I wonder -- what percentage of "angel" investors never expand beyond a portfolio of five businesses? Or... just one business, say that of a friend or family member?
Personally, if I'm ever financially capable of investing in a business to the tune of $25k, I think I would find a lot of satisfaction in enabling the dreams of someone smart and capable that I knew personally.
Obviously, going into business with friends or family is... extremely fraught. But, y'know, optimism.
Clearly, what I'm talking about is not really even in the same ballpark as what the author means. But I guess I'm writing this comment as a way to say to myself "I don't think I necessarily need $3.3M liquid to invest in a business."
And really, angel investing has never struck me as a way to really make money; more of a way to say, as someone with resources, "I believe in this idea, and would like to give it a chance to succeed."
- mikepurvis 5y agoI'm not there yet in terms of personal resources, but what you're saying resonates with me. Like, I threw $5k at shares in a renewable energy co-op and felt good about it, even though I have no idea if that money is ever coming back.
- SavantIdiot 5y ago> nd really, angel investing has never struck me as a way to really make money; It's also CV padding / bragging rights because you do need to demonstrate a certain amount of wealth. A former colleague dropped $50k on a startup in ~2010, and has been plastering "Angel Investor" all over everything he does. That was his only investment, but it was enough for him to not STFU about it.