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I like this in general but I think it’s sad the friends and family who helped you don’t get any financial upside. I also take issue with calling this angel inv
by bix6 1y ago
I like this in general but I think it’s sad the friends and family who helped you don’t get any financial upside.
I also take issue with calling this angel investing:
> I angel invest primarily through my scouting relationship with the VC firm Andreesson Horowitz. They give me a budget for investing in each fund and I get a fraction of the carry.
- zipy124 1y agoYeh this is more like being a salesman selling funding contracts for a VC firm to startups, a weird dynamic.
- pempem 1y agoIts the same as "bird dogging" or wholesaling in real estate or really any series of other middlemen or wholesale business who do the hard work of finding the deal but don't necessarily have the cash or want to run the business end to end.
- mvkel 1y agoFull agree. This is... just being a VC. If it's not your own money and you're aligning with someone else's thesis, you're just a vc with crappier terms
- kdazzle 1y agoWell, sounds like a VC but without a good bit of the stress and hassle. Like you wouldnt have to gin up money from LPs
- bix6 1y agoThat’s what angel investing is. Instead with this strategy you get a whopping 5% of profits and Andreessen gets 95% for your efforts / network.
- CoffeeOnWrite 1y agoWhat? The scout doesn’t risk capital, of course they get only limited return.
- bix6 1y agoYeah as mvkel said it’s just being a VC with shittier terms. Why not just be an actual angel? Presumably the author has the capital for it now. And if they’re confident enough to risk someone else’s capital why not risk their own?
- deleted 1y ago[deleted]