Reddit Reddit reviews Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000

We found 4 Reddit comments about Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000. Here are the top ones, ranked by their Reddit score.

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Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000
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4 Reddit comments about Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000:

u/waialuawanderer · 8 pointsr/fatFIRE

VC here. Finally created an account to answer your question. Before doing anything, read these two books:

  1. Angel by Jason Calacanis https://www.amazon.com/Angel-Invest-Technology-Startups-Timeless-Investor/dp/0062560700

  2. Venture Deals by Brad Feld https://www.amazon.com/Venture-Deals-Smarter-Lawyer-Capitalist-ebook/dp/B01M3UIVW3/ref=mp_s_a_1_2?keywords=venture+deals+brad+feld&qid=1563846931&s=gateway&sprefix=venture+dea&sr=8-2

    The first book provides a high level overview of angel investing while the second goes into some of the nitty gritty details.

    From there, if you’re still interested, I’d recommend looking up your regional angel investor network. Pretty easily found on google. Most cities have them (Baltimore Angels, New Dominion Angels, etc...)Ask to come sit in on one or two of their pitch events. Get coffee with the other angels in the room and hear about their experiences.

    If you’re still interested, I’d join the group (all have some nominal fee) but you’ll get practice reps at analyzing companies, access to dealflow, and a good platform to start building a network. Other key takeaways:

  3. Only allocate what you’re willing to lose (10% of NW is a rough estimate for alts depending on how big you are)

  4. You need to be able to make 25+ bets. Often companies have minimum check sizes, so joining a group allows you to pool.

  5. Invest in what you know.

  6. Invest where you can help. (I.e. former F500 CISO angel investing in cyber security startups)
u/drtrave · 2 pointsr/Entrepreneur

> 1) I've seen the 50K early stage startup funding number before. What about 50k makes it ideal as an investment for VCs and amount of money for founders?

 

This amount should be enough to build an MVP and show some traction to justify continued funding. Other angels investors would come in with an investment ranging from $100k and above. So you either have a track record as a founder, an incredible "no-brainer" product or you can secure funding through alternative channels such as grants, accelerators and so on.

 

B1: Venture deals is a fantastic book. However, there are other books that I found helpful. For example,

 

  • Kevin Moore: Starting Your Own Venture Investment Fund

     

  • Jason Calacanis: How to Invest in Technology Startups

     

    Other resources:

     

  • Angel Capital Association

     

    You can find detailed and longitudinal data on angel investing. They also have a rich library of books to read and things to consider before getting started.

     

    B2: How do you define success?

     

    A) It can help and is the most common approach to achieve financial stability. The upward potential is hugely dependent on what you make out of your education (corporate and safe vs. startup and "potentially" very rewarding).

     

    B) Sure. We could all benefit from a powerful mentor or teacher who takes you under his wings. But you need to have a plan B.

     

    C) I really like this approach. Make your own luck. 💪🙏
u/thekiyote · 2 pointsr/Ripple

Luckily, that isn't going to happen.

Here's a quick primer in startup boards: The board of directors for a company's role is mainly to act as a protection from that sort of thing happening. Typically (with caveats that could fill a book [if you're interested, I recommend this one]) board seats are assigned by the shareholders of the company in proportion to the amount that they hold.

Most CEOs don't even bother creating a board in the earliest days of the company. They get to choose who's on it at will, so who will fight them?

Once they go through their first round of funding, most angel investors worth their salt will demand one or two seats on the board as a part of the deal. But even then, since the CEO still controls all the rest of the seats, and most experienced angels know that companies at this stage have like a 70% fatality rate, they're not all that committed, and it can take a while for them to act.

This is the stage of the company in the Jed days. Eventually they still managed to push him out though, with Chris firmly taking control of the company.

Typically, these struggles are always very murky if you're not in the room where it happens. Though, in this case, it's pretty much a given that's how it went down, from statements by people who were involved.

At this stage, though, Ripple's gone through a number of investment rounds since then, giving up more board seats to the new investors. Now they have 9 board members. I couldn't tell you which of those guys was assigned by which investor (outside the obvious ones), but I can tell you, they won't let a similar event happen, not with the forward momentum Chris and Brad brought to the table.

u/AMAInterrogator · 1 pointr/VenturedCapital

Have your read Angel: How to Invest in Technology Startups ?

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