crazy number of people are raising angel funds now. i think the common strategy (say, 100 200k investments for a 25MM fund) is likely to do
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badly. general advice to these people: concentrate your fund in 5-10 investments, maybe less. build a model of what has to happen with a

Apr 21, 2014 · 4:07 AM UTC

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bunch of companies at ~1% ownership each for a 5x fund return--its tough. a few high-convinction bets can do it, though.
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