We’re all investors, but we’re no angels
Dan Primack recently wrote a good piece on how hard angel investing is. You can find most of the full article here, but I have pulled out some key points below. It is mostly a re-hash of the Kauffman study in honor of the new general solicitation rules, but some of his points bear repeating: investing in start-ups is work. You may lose money. You will need to do due diligence. You will need to invest in a lot of companies to do well.
Many, many experienced angels can tell you that you can make money at, it but none will tell you it is easy or that it can be done by mouse-clicking on AngelList. Here’s more from Dan: [Read more…]