I believe the rise in angel investing is here to stay and the professionalization of this class (aka “super angels” or “micro VC”) is a good thing for the VC industry and for entrepreneurs. It is basically a return to the type of VC that was done 20 years ago long before the craziness of the Internet boom that skewed things so greatly.
But with its growth and success it will encourage many people to enter the market who will lack 5 critical success criteria for earning positive returns.
This is exactly what happened in the broader VC industry between 1999-2001 as many people without the requisite skills entered the industry. I believe that if you have 5 distinct skills you have a good chance at making great returns. I will publish what I believe the five are in a series of articles.
To read the full, original article click on this link: Angel Investing (1): Dealflow – Are You Sitting at The Right Poker Table? | Both Sides of the Table
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