Angel investment

[Anonymous]

Angel investing doesn't work like this. Think of it as a modern "country club" for tech elite, not an asset class with predictable timeline or returns. We treat our angel investments as the entrance fee to access certain circles in business and tech. It's a bit like wedding gifts -- they give you $200, you give them $200, everyone comes out roughly equal in the end. Everyone is willing to help eachother because you were at eachother's "weddings"/cap tables. Never for true financial return, which is just a great cherry on top if it happens.

People angel invest to --
- Keep relationships and banks of favors warm
- Build their network
- Get access to other deal flow / opportunities
- Support projects and people they'd like to see succeed
- Brag about their "investments" / dick measure contest
- Learn about new tech/markets through the eyes and mistakes of other smart people and companies outside of your day to day direct experiences