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Diversify your portfolio from "summary" of Angel by Jason Calacanis
The key to successful angel investing is spreading your bets. You can't predict which startups will succeed and which will fail, so it's important to diversify your portfolio. By investing in a variety of companies, you increase your chances of hitting a home run. Sure, some of your investments might not pan out, but if just one of them turns into the next Uber or Airbnb, you'll more than make up for the others. Imagine you have $100,000 to invest. Instead of putting it all into one startup, you decide to spread it across ten different companies, each receiving $10,000. This way, if one or two of your investments go under, the others can still make up for it. It's like playing the stock market – you wouldn't put all your money into one stock, would you? The same principle applies to angel investing. Diversification is a risk management strategy that helps protect your investment. Think of it as insurance against failure. By spreading your money across mult...
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