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> So he missed out on one of the best stock market rallies in history not alone though...every VC who poured $30 million into a cashflow-negative startup eight
by imwithstoopid 4y ago
> So he missed out on one of the best stock market rallies in history
not alone though...every VC who poured $30 million into a cashflow-negative startup eight years ago has also missed out on turning it into $100 million with the click of a mouse
- ghaff 4y agoI know someone who became an angel investor after they retired maybe 15 years ago as sort of a combination hobby and investment mechanism. He is by no means starving but he told me that he could have saved himself a whole lot of trouble and money by just putting the investment dollars into a NASDAQ index. (He does still do some angel investing but only in a small number of companies he feels particularly strongly about.)