5 ms·
+1. I have 3 IPOs and numerous acquisitions, across multiple industries. It's still 50/50 but that's way better than the long odds most people face. Also agree
by asah 4y ago
+1. I have 3 IPOs and numerous acquisitions, across multiple industries. It's still 50/50 but that's way better than the long odds most people face.
Also agree that it depends on your goals! I've done venture capital deals, self funded deals ("lifestyle"), non-profit & political campaigns, etc - and different stages and goals.
Obviously YMMV: I know people who legit get lucky and then their luck runs out, and I know smart guys who do everything right and can't catch a break.
It's also fun to angel invest. Get to see dozens more companies from (a bit) of the inside.
- eddsh1994 4y agoDid you found those IPOs and acquisition startups? That’s very impressive if so!
- asah 4y agothanks. I was very early, but not a founder of the IPOs. If you have access to dealflow and add value (e.g. as staff, investor or adviser), then it's much easier to "pick winners" and let others take the bigger risks and enjoy the billionaire lifestyle. By valley standards, I'm a small but respected player.
- eddsh1994 4y agoCould you explain this a little more? I've worked in early stage startups for almost eight years and had 1 minor acquisition where I got barely anything. I'd love to look into this 'targeted approach' you mention.