There was a great New York Times article yesterday regarding the recent experiences of a California based angel investor.
The main points in this article:
- Organized angel investment groups are created for efficiency, not exclusivity.
- Angel investing is not a game. Learn how to do it. If you treat it as just a hobby, brace yourself.
- Angel investors truly want to give back to their community.
- Angels are now expected to give their money and their time. Decide which one is more important to you-and to the entrepreneurs you wish to mentor and/or fund.
- Angel investors are eternally optimistic.
1 response so far ↓
Clark Gilder // September 11, 2008 at 6:30 pm |
How true Knox and yet how little this is understood or appreciated by some. My own reason for joining ATA over 3 years ago was to make angel investing easier for both me and the entrepreneur. My own experience trying to raise an angel round 20 years ago showed me how difficult it could be and I wanted to change that. Thus, I’ve enjoyed the last 3 years of active deal review, due diligence and entreprenuer coaching that I have done or shared in as part of the ATA process. The process still needs to be easier, faster and smoother but it’s a lot better than it was in 1988.