Entrepreneurs may sometimes think angel investors use a Magic 8-Ball to come to investment decisions based on which companies are, or are not, ultimately subjects of investment. Angel investors may sometimes think they might as well use a Magic 8-Ball to make investment decisions based on the high percentage of failures, versus successes, in early stage investing. Perspective is everything!
In fact, after 10 years of angel investing, I can offer a tongue-in-cheek disclaimer for those entrepreneurs approaching angel investors (and probably VCs as well):
“Caution: Investors may, or may not invest for reasons we have yet to be able to ascertain from years of empirical data. Don’t let a lack of interest, or extreme interest, have any bearing in your perspective with the chances of failure or success of your enterprise. Consider this an investing version of the Magic 8-Ball, where each shake may yield: “INVEST,” “PASS!” or “TRY AGAIN!” Good luck!”
To read the full, original article click on this link: The Magic 8-Ball Of Angel Investing - Venture Capital Dispatch - WSJ
