Choose investments wisely from "summary" of Angel by Jason Calacanis
Investing in startups is a delicate dance between risk and reward. As an angel investor, you have the opportunity to choose which companies to back with your hard-earned money. This decision should not be taken lightly, as it can make or break your portfolio.
One of the key principles of angel investing is to choose investments wisely. This means doing your due diligence before writing a check. You need to research the company, the market it operates in, the team behind it, and the potential for growth. Look at the numbers, but also trust your gut instinct.
When selecting investments, it's essential to diversify your portfolio. Don't put all your eggs in one basket. Spread your investments across different industries, stages of growth, and founding teams. This will help mitigate risk and increase your chances of hitting a home run.
Another important aspect of choosing investments wisely is to have a clear investment thesis. What are your goals as an angel investor? Are you looking for a quick return on investment, or are you more interested in supporting innovative ideas that could change the world? Having a clear thesis will guide your decision-making process and keep you focused on your objectives.
As you navigate the world of angel investing, remember that it's okay to say no. Not every opportunity is a good fit for your portfolio. Trust your instincts and don't be afraid to walk away from a deal that doesn't align with your investment thesis or values.
In the end, choosing investments wisely is about balancing risk and reward, doing your homework, diversifying your portfolio, having a clear investment thesis, and trusting your instincts. By following these principles, you can increase your chances of success as an angel investor and build a strong, profitable portfolio.
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