14:46

How To Become A Successful Angel Investor

Name: How To Become A Successful Angel Investor
Uploaded: 2021-07-05T21:32:22.527Z
Duration: 14 min 46 s
Description: Angel investing is likened to dipping a net into a stream of flowing fish – deals come inbound through network, Twitter, and podcast. Speaker 1 (S1) started by asking a rich friend for a piece of carry on a deal, then invested his own money, and later raised a rolling fund. He conservatively expects to triple his money over 7-10 years, keeping ~20% carry, netting ~$7M over that period.

From My First Million · Published Jul 5, 2021 · Watch on YouTube

TL;DR

Angel investing is likened to dipping a net into a stream of flowing fish – deals come inbound through network, Twitter, and podcast. Speaker 1 (S1) started by asking a rich friend for a piece of carry on a deal, then invested his own money, and later raised a rolling fund. He conservatively expects to triple his money over 7-10 years, keeping ~20% carry, netting ~$7M over that period.

Key insights

Angel investing returns are highly skewed: a single massive winner (e.g., Uber, Coinbase) can dominate overall returns.
Conservatively, a good fund may 3x its money over 7-10 years; a great fund may 5x or more.
S1’s initial bankroll requirement was $300K–$500K to make 20-30 bets; he lacked that capital, so he started by scouting deals for carry.

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