Seed stage companies should have traction based on some concrete metric. If you conduct pilots with customers, there should be some sort of takeaway in the form of signed deals, ongoing user usage, etc.
@cameron_amini Love this Cameron. I think a lot of the benefits you talk about as far as getting to know Founders slips away with the advent of Syndicates.
When I hear “we have a team of 30 people” and you’re just going into your seed round, I hear “we are very capital inefficient”. #angelinvesting#startupinvesting
Syndicates offer much more deal flow than an angel could every access before. But, less access to Founders make angel investing even more of a crapshoot. #angelinvesting#startupinvesting#saasinvesting
@gmehrguth Sign up for Angel List syndicates and start seeing the deals that come through. Also, check out https://t.co/j0SCZ6kxig by @Jason. That should help you with deal flow.
@BullishAngel@JulieGuo19 It's pretty amazing no matter what long term period you look at, returns in equities have been terrific. Compounding returns really is the key to a comfortable life.
@adamnash@evansjia@dstafford This is likely more art than science when you're starting out. For an advanced investor like @adamnash, it will be more formulaic. But if you're just starting out, go with a lower check size and don't hold yourself to a minimum per year.