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Actually I've had "money back" twice from AngelList. Once a startup got acquired (for like 3-4x), another one shut down and distributed the remaining funds. Bu
by throwaway2948 3y ago
Actually I've had "money back" twice from AngelList. Once a startup got acquired (for like 3-4x), another one shut down and distributed the remaining funds.
But I did not withdraw it and just reinvested to other startups, so in that sense I've never received money from them.
- rickydroll 3y agoThat feels like buying more lotto tickets with the winnings from previous lotto tickets :)
- jonhohle 3y agoSure, but stock market investing is no different. Once you’ve saved “enough”, you need a place to store wealth that isn’t cash. If you cash out on a winning stock, that money is likely going into other stocks, or real estate, or some other financial vehicle. As an aside, all the punditry around a former billionaire president who can’t raise 450M in 30 days are playing on the fact that many people do not realize this. No billionaire has a significant fraction of their wealth in cash unless it benefits a short term strategy or they are rebalancing. Those with money put their money to work through investment. Net worth is based on the estimate of those holdings.