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Special Episode: Jason Calacanis
Acquired
Investing in the Early Stage of an Angel Investor's Success
You have to be investing in a certain pool of entreponurs. If you're a nobody who starts out, any deal flow that gets to you is been picked over by all the qualified people. And i tell people, only invest in companies, start ups, that have gotten their product to market and have some customers,. But if not, customers who are using the free product that you can at least talk to. You've now limited, as you guys know, ninety per cent of the failure rate. Ninety per cent o the trician in start ups in come, don't o a product, they never ship the product. Then you get down to that ten per cent of...
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