Research before investing from "summary" of Angel by Jason Calacanis
Investing in startups is a risky game. It's like playing Russian roulette with a loaded gun. You never know when the chamber will turn and blow up in your face. That's why it's crucial to do your homework before putting your hard-earned money on the line. Research is your best friend in this high-stakes game. It's the key to unlocking the secrets of success in the startup world.
Before you even think about writing that check, you need to dive deep into the company's history, market potential, competition, and team. You need to know everything there is to know about the company and its founders. Are they experienced in the industry? Have they successfully built and sold companies before? Do they have a track record of delivering on their promises? These are the questions you need to answer before making any investment decisions.
Research is not just about gathering data; it's about connecting the dots and seeing the bigger picture. You need to analyze the information you've gathered and make sense of it. What are the trends in the market? What are the potential threats and opportunities? How does this company stack up against its competitors? These are the insights that will help you make informed decisions and avoid costly mistakes.
Investing without research is like driving blindfolded on a busy highway. You may get lucky and reach your destination unscathed, or you may end up in a ditch, wondering what went wrong. Don't leave your success to chance. Do your homework, gather the facts, analyze the data, and make informed decisions. That's the only way to survive and thrive in the unpredictable world of startup investing. Trust me, I've seen too many investors crash and burn because they didn't do their homework. Don't be one of them. Research before investing, and you'll give yourself the best shot at success.
Read More
Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.
