Are there too many angel investors funding too many startups? That
was the topic of some debate today at AngelConf, which was held at the
Mountain View, Calif. campus of incubator Y Combinator.
The opening speaker was well-known and prolific angel Ron Conway (pictured), who argued that if anything, there should be more angel investing, not less. He said he hopes that any entrepreneur that has “the guts” to start a company gets funded.
“The more angels we have in Silicon Valley, the better,” he said, later adding, “We are funding innovation. We are funding the next Facebook, Google, and Twitter.”
Critics have described this high-quantity approach to angel investing as “spray and pray,” but Conway said angel investing is a hit-driven business. If you invest in enough companies, then you’ll eventually put money in a home run that pays off so well that it funds all your future investments.
To read the full, original article click on this link: Angel investor Ron Conway: Every entrepreneur should get funded | VentureBeat
Author: Anthony Ha
