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Why Angel Investors Don’t Make Money … And Advice For People Who Are Going To Become Angels Anyway
September 30, 2012/
Everywhere I go in Silicon Valley I hear people discussing their angel investments. The conversations remind me of fish stories. People love recounting the one time they caught a big fish, not the many futile hours they spent waiting for a bite.
My skeptical perspective on angel investing is colored by my 25 years in the venture capital business and the data I use to teach my students at the Stanford Graduate School of Business.
Andy Rachleff
