There’s not much more to say. Summed up: What comes around, goes around. Be helpful, be nice, and don’t fuck around.
What I know about angel investing I learned from Ron Conway. Once you
have access to capital (which is hard), it isn’t that complicated.
It’s basically about building up karma points by helping people out.
When you invest in companies, always return calls and emails and help
them out. Help out companies you didn’t get to invest in. Help out
VCs who might invest in your investments later. Meet with promising
people who are trying to raise money and try to help them even if you
don’t want to invest. Help out big company people who might do deals
with or acquire companies you invest in. Have meet ups and do other
things to help the startup community. Blog about stuff you learn. (If
you happen to also be running a startup like I am, this stuff also
helps your own company.) As you get more karma points you level up.
As you level up, helping out gets easier and your time scales better
and you get karma points faster. Entrepreneurs talk constantly. It’s
a small community. If you have karma points they’ll let you invest -
often on good terms. If you aren’t they won’t. That’s about it.
There aren’t any shortcuts or tricks.
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