Audio available in app
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 se...
Similar Posts
Leveraging strategic partnerships can help startups accelerate growth
Strategic partnerships can play a crucial role in the growth trajectory of startups. By collaborating with other businesses, st...
Be wary of companies with inconsistent earnings growth
Investors are often attracted to companies that show strong earnings growth year after year. However, it is important to be cau...
Don't ignore small companies with potential
Small companies with potential are often overlooked by Wall Street analysts and institutional investors who focus on larger, mo...
Create a budget that aligns with goals
To make a budget that aligns with your goals, start by asking yourself what you want to achieve in the short, medium, and long ...
Look for companies with a competitive advantage
When seeking out investments, it is crucial to focus on companies that possess a competitive advantage. This advantage allows t...
Be wary of excessive debt levels
Excessive debt levels can pose a significant risk to investors, as they can severely impact the financial stability of a compan...
Keep emotions in check and stick to your investment thesis
Investing in common stocks can be a thrilling experience for many individuals. The excitement of potentially making significant...
The skills and knowledge of smart people are valuable in the business world
Smart people possess a unique set of skills and knowledge that can be incredibly valuable in the business world. These individu...
Plan for unexpected expenses
When it comes to managing your finances, it's important to prepare for the unexpected. Unexpected expenses can pop up at any ti...
Seeking out mentors and advice from successful investors
When you're trying to get ahead, seeking out mentors who have already succeeded at what you want to do is one of the smartest m...