AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
20Angel
20Angel: Paul Forster: Co-Founder of Indeed.com on Building a $7bn Revenue Business, Why Founders Are The Best Angels, Why he Said no to a Deal Led by Sequoia & Why he Passed on a $2.5bn Company at Seed
Oct 27, 2023
Paul Forster, co-founder of Indeed.com, shares insights on portfolio construction and the mindset needed for successful angel investing. They discuss his first angel check in Chemical Cytora, the importance of timing and check sizes, and reflect on past investment decisions. They explore misalignment between VCs and angel investors in deal structuring and discuss sectors of interest for future investing.
25:28
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Paul emphasizes the power law of angel investments, where a small percentage of investments drive almost all returns, highlighting the importance of being selective and constructing a well-diversified portfolio.
- Paul discusses the evolution of his investment approach, shifting from aiming for a significant stake in each company to focusing on diversification, highlighting the importance of consistent check sizes and considering the increasing valuations and competitiveness of deals.
Deep dives
Key Point 1: Portfolio Construction and Selection
Paul discusses the importance of portfolio construction and the need to be selective in angel investments. He emphasizes that almost all returns are driven by a small percentage of investments, highlighting the power law. Paul acknowledges the tendency for angel investors to overestimate their selection capabilities and recommends being more diversified in order to mitigate risks.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode