Former Google engineer and Del.icio.us founder Joshua Schachter has made angel investments in at least 45 companies, but he’s backed off from investing for now. He thinks angel investing has developed enough difficulties that he’s better off running a company than funding one.
Schachter doesn’t like the idea of start-ups taking money from “a pile of angels” instead of a venture capitalist who’s built a syndicate to fund a company. “No one is leading,” he says of the angels, “and so no one has responsibility when it’s time to raise money again.”
To read the full, original article click on this link: Joshua Schachter Switches From Angel Investor To Entrepreneur - Venture Capital Dispatch - WSJ
Author: Deborah Gage
