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I think the key challenge to this method is one of your caveats. The challenge for a new investor isn't picking which of the best of the best you think would be
by richardjordan 14y ago
I think the key challenge to this method is one of your caveats. The challenge for a new investor isn't picking which of the best of the best you think would be good investments. It is making a return by picking from the second, third or fourth tier deals you can get into with no track record. There's a reason the angels we know if today were the guys we saw at every event for years building up that deal flow.
- ivankirigin 14y agoAgreed. The good news is that there are a few things you can do to make yourself more appealing relative to other investors. This is all based upon my experience on the other side of the table fundraising: decide quickly and decisively, be quick with your comms, and be nice. I think the handshake deal protocol will help those who want to be bold and act fast. Like I mentioned, these decisions were based on watching the pitches on stage, not even the follow up meetings. http://ycombinator.com/hdp.html http://ycombinator.com/hdp.html
- richardjordan 14y agoWell good luck. I like that you're thinking it through. I've talked to so many "angels" who just made some money and decide they want to invest in startups so just spray and pray. I always hope that if I get a good exit at some point in the future I'd give back to the community by becoming an angel investor in a smart, considered way, like this.