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Asset Management Is A Bizarre Industry Ripe For Disruption

David Teten

Asset managers can earn far more money at less risk than in any other industry. 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. Would you pay a $379 tip for a $70 meal?

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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.