My First Million #82 - My Angel Investing Strategy
Jun 10, 2020
Discover the fascinating world of angel investing through personal experiences and practical advice. Learn what to look for in a founder and the importance of mindset in building a successful portfolio. Gain insights into evaluating investments, as well as the significance of revenue potential and retention rates. Explore the educational value that comes with investing in innovative ventures, shedding light on business strategies and future trends. Dive into strategies that can shape your angel investing journey.
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Think Like an Investor
- Think of yourself as an investor, even without substantial capital.
- Find creative ways to access capital if you're determined to invest.
Lambda School Investment
- Shaan Puri wanted to invest in Lambda School but lacked the capital.
- He partnered with a friend, offering 10% of the profits for funding, securing his first angel investment.
Building an Angel Portfolio
- Aim for a portfolio of 20-30 companies to mitigate the high risk of early-stage startup investments.
- Secure backing or carry arrangements to access more capital.