Angel investors are like Uranium.
Having one (better yet, some) on board can help your startup go #BOOM
… or 💣
Ignore half of the advice even your best investor gives you
This is because an investor’s experience, like Uranium - whilst potentially incredibly powerful - has a half-life:
It depletes as soon as they step away from their own business, or make their last investment …
… yet, your own experience grows every single day.
Your learnings (what you see in the market, what you learn about your customers, what you feel from the competition) are fresh … dynamic.
Your investors’ experience - my experience - is stale by comparison … and, is getting a little staler with every passing day.
Let me propose a solution:
From now on, every potential angel investor should wear a badge at startup events showing the amount and date of their most recent startup investment.
- less than $50k, or
- more than 6 months
… smile, say “great to meet!” and slowly back away