9 ms·

Would you mind sharing high level results?

bombcar 3y ago
From the post, invested in 100, paid out on 6, some will still be in flight and some have died. Even if the other 94 are dead, 6% is not horrible.
- xyst 3y ago
  I am curious what the "pay out" was for those 6 exits. If you invest $1000 in 100 startups. That's a $100,000 investment across the board. Just to break even for all "angel startups", those 6 exits need to return at least $17K (1,700% ROI) per successful exit. This is just gambling in a different form lol.
  - toomuchtodo 3y ago
    It is, but gated gambling (accredited investor requirements) and you get something fun to talk about at parties and online (versus degenerate options trading or horse racing, which is out of vogue).
    - deleted 3y ago
      [deleted]
  - bombcar 3y ago
    There's an argument that most forms of investing are some form of gambling, depending on how you define it. If you take gambling as "staking money on an outcome you don't control," perhaps. It really depends on your financial situation and what you enjoy; for some spending $$$ on startups is much more entertaining than spending similar amounts traveling to see professional sports. Hell, some may spend the money and count it well spent "just to be in the front-row seats at the game" (e.g., learning all the things startups are doing) - even if they never make back any of it. In which case even a partial return is better than nothing.
    - xyst 3y ago
      True. Just walking outside and using the crosswalk is a “gamble”. But the odds are very much in my favor. Never know though. Maybe a drunk asshole barreling over a blind hill in an EV on “BeAsT MoDe” side swipes me
      - bombcar 3y ago
        Yeah, most people use "gamble" to refer to something where the EV (expected value) is below what they would consider "wise". This varies wildly from person to person. Most people would say buying a Powerball ticket today is gambling; but if you had a 50/50 chance to win $1million for a dollar, they'd say it's a sure thing; but both are gambling.

From the post, invested in 100, paid out on 6, some will still be in flight and some have died. Even if the other 94 are dead, 6% is not horrible.

xyst 3y ago
I am curious what the "pay out" was for those 6 exits. If you invest $1000 in 100 startups. That's a $100,000 investment across the board. Just to break even for all "angel startups", those 6 exits need to return at least $17K (1,700% ROI) per successful exit. This is just gambling in a different form lol.
- toomuchtodo 3y ago
  It is, but gated gambling (accredited investor requirements) and you get something fun to talk about at parties and online (versus degenerate options trading or horse racing, which is out of vogue).
  - deleted 3y ago
    [deleted]
- bombcar 3y ago
  There's an argument that most forms of investing are some form of gambling, depending on how you define it. If you take gambling as "staking money on an outcome you don't control," perhaps. It really depends on your financial situation and what you enjoy; for some spending $$$ on startups is much more entertaining than spending similar amounts traveling to see professional sports. Hell, some may spend the money and count it well spent "just to be in the front-row seats at the game" (e.g., learning all the things startups are doing) - even if they never make back any of it. In which case even a partial return is better than nothing.
  - xyst 3y ago
    True. Just walking outside and using the crosswalk is a “gamble”. But the odds are very much in my favor. Never know though. Maybe a drunk asshole barreling over a blind hill in an EV on “BeAsT MoDe” side swipes me
    - bombcar 3y ago
      Yeah, most people use "gamble" to refer to something where the EV (expected value) is below what they would consider "wise". This varies wildly from person to person. Most people would say buying a Powerball ticket today is gambling; but if you had a 50/50 chance to win $1million for a dollar, they'd say it's a sure thing; but both are gambling.