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It's more like a donation. When angels invest in startups, they're hoping a few pay off so well that they make up for all the others. Kickstarter projects can't
by prodigal_erik 14y ago
It's more like a donation. When angels invest in startups, they're hoping a few pay off so well that they make up for all the others. Kickstarter projects can't offer that with no equity, so the expected value is negative.