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“These problems are too big for us to solve alone. We need to
collaborate like we never have before.”— Beth Comstock, Chief Marketing Officer at GE -
THANK YOU ALL
Amazing guest lecturers. from Entrepreneurial Design Class. School of Visual Arts.
Many thanks to our...
This is a compilation of the gems at last AngelConf. To learn more about the angels / conference go here
* It’s a small community — if you screw one entrepreneur, you’ll be out of the angel business because entrepreneurs talk (Conway)
* Angel investing is about learning on the job, which means that you can plan on screwing up your first 10 deals at least (McClure)
* If you assume that the money is gone once you’ve invested it — that it is like a lottery ticket — then you will have a better time angel investing (Buchheit)
* Work with other angel investors so that you can get the advantage of their expertise (Zurich)
* There is no rational way to arrive at valuation, so don’t be overly concerned about getting it right (Graham)
* Don’t worry if the idea seems crazy — if it didn’t seem crazy, it would be too late to invest as an angel (Graham)
* The lifeblood of angel investors is deal flow — you need huge deal flow to find enough stuff that is worth investing in (Ravikant)
* The best deals come from other angels (Ravikant)
* Don’t be afraid to throw a little dynamite into the status quo and see what comes out of it — often times interesting stuff emerges (and sometimes nothing does) (Dearing)
* The Rule of 12 — you need to invest in 12 companies to have statistical diversity — invest in fewer than 12 deals and you run the risk of them all failing (Maples)
* Like in the movie “Oceans 11,” you want to pull together the best team of angel specialists there are out there — it increases the likelihood that the company will succeed (Maples)
* Help bring your entrepreneurs together so that they can learn from one another (Poler)
* By being a connector, you will see the most interesting stuff and work with the most interesting people (Senkut)
* Angel investing is all about the syndicate — you can lead if you want to but it can be lonely until others join in the syndicate (Clavier)
* Angel investors need to distinguish themselves from others with money — what do you bring to the table? Contacts. Experience. Advice. (Young)
* Only invest in stuff you actually know something about — otherwise you’re just buying a lottery ticket (Young)
[via: AngelConf & thanks Yinglan Tan for sending it to me]
