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Reply to "Can you explain the start-up lifestyle?"
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[quote=Anonymous]Why do people act as angel investors? For every one LinkedIn or Subway, aren't there a million failed start ups that no will ever hear about? Seems like a surefire way to lose money unless you are the lucky type -- esp the angel investors who are busy professionals and not full time investors; I feel like they could be swayed by an amazing pitch without really understanding the financials or the product/service being offered. And I assume it's like owning stock, correct, you don't have a say on how the company is managed?[/quote]
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