The Angel Capital Association’s latest research effort, the American Angel Campaign, highlights how woefully undiversified the typical angel investor is. The median angel made just two investments in 2015, the research effort’s initial analysis reveals, and had made only ten investments in his or her lifetime. This is a huge problem. As super-angel David S. Rose and others have highlighted, “A majority of all new, angel-backed companies fail completely, so if you invest in only one company, the odds are that you will LOSE ALL YOUR MONEY.”
