20 hours ago
- Angel investing is easier and more interesting than it seems; the key is investing in the right startups, not focusing on deal mechanics.
- Mechanics like preferred stock or convertible debt are straightforward; use standard series AA documents and don't obsess over terms.
- The most important factor in angel investing is picking the right founders—those who are relentlessly resourceful—rather than betting on markets.
- To get deal flow, leverage personal referrals; start with small investments to gain experience and build a reputation as a reliable investor.
- Be decisive and ethical: write checks quickly, treat founders well, and avoid strategic indecision; success comes from helping startups grow.