How do angel investors think about deals? Six months a year, 18 months afterwards? How do they decide what was a good investment and what wasn't? And how much kind of interaction will founders have with them once the check is written? "The feedback loops in this industry are terrible. It takes about a decade to know if you're any good at doing this"
Awesome chat with Angela Lee (37 Angels, Columbia Business School) about angel investing. We talk through what angels are looking for, who should try to raise from them, what'll happen if they do, and what the other options are.
Then, we spend the last 15 minutes starting a $100mm Taco company. Angela walks through the process goals and financial milestones she'd want to hit in a fascinating startup exercise.