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What Do Angels Want?

ReadWriteStart

In 1998, before they even incorporated, Google founders Sergey Brin and Larry Page were trying to present their concept to early-stage, or "angel" investors, with limited success. Sun Microsystems co-founder Andy Bechtolsheim was one such angel. So what do angels want? How realistic are your projections?

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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. When youhear people talking about a successful angel investor, theyre notsaying "He got a 4x liquidation preference." Mechanics Angel investors often syndicate deals, which means they join togetherto invest on the same terms.

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Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

Angel investors earn higher returns than small VCs, who in turn earn higher returns than large VCs, let alone most other asset classes. 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.