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David S. Rose – Father of Angel Investing in New York

Startup Professionals Musings

The second company in which I invested, back in 2001, was a novel concept from the serial entrepreneur who invented social networking. Its indefatigable founder, however, has since raised an additional $25 million from other angels, never made a penny of profit, and the value of my original six-figure investment is now about zero.

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Current Startup Market Emotional Biases

Feld Thoughts

“Many Unicorn founders and CEOs have never experienced a difficult fundraising environment — they have only known success. The “Many Unicorn founders …” quote is the first of four emotional biases that Bill calls out. Fred Wilson’s daily post referred to the article in Don’t Kick The Can Down The Road.