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Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

Simon Lack reports in The Hedge Fund Mirage that from 1998 to 2010, hedge fund managers earned $379 billion in fees, while their investors earned only $70 billion in investing gains. I don’t think that a Net Present Value calculation is appropriate for every company. million households in the US with a net worth of $1 million or more.

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How to Be an Angel Investor

www.paulgraham.com

When we sold our startup in 1998 I thought one day Id do some angelinvesting. Mechanics Angel investors often syndicate deals, which means they join togetherto invest on the same terms. In a syndicate there is usually a"lead" investor who negotiates the terms with the startup. Dont feel like you have to join a syndicate, though.