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Altruistic first-money angel investors, like Mark Markkula at Apple or YC with Airbnb, deserve a ton of credit for the success of their startups. People who glo
by staunch 12y ago
Altruistic first-money angel investors, like Mark Markkula at Apple or YC with Airbnb, deserve a ton of credit for the success of their startups. People who glom on to hot startups launched by already-successful Silicon Valley insiders deserve less. Twitter and Uber did not need help to exist the way Apple or Airbnb did.
Angel investors should be judged by what they help bring into the world, the value they create, not how rich they get from doing backdoor deals with JP Morgan. That's how you judge lawyers.
- kzhahou 12y agoThe article talks about the work that Sacca did by tenaciously evangelizing Twitter in the early days. I don't think the article mentioned it, but he did the same for Instagram. He was all over it, posting non-stop! You shouldn't assume he made no contributions simply because he was also clever enough to make himself mega-rich.
- fapjacks 12y agoAs if "clever enough" is all it takes.