Angel Investing in Internet Software: Tips from Ron Conway | Startup Investor School Day 4
This article is a summary of a YouTube video "Ron Conway - Startup Investor School Day 4" by Y Combinator
TLDR Angel investing in the internet software industry requires determination, passion, and partnerships with industry leaders, and successful investors should focus on screening and mentoring founders, have a diversified portfolio approach, and maintain integrity and transparency to benefit the entire ecosystem.
Investing in internet software industry requires determination, passion, and partnerships with industry leaders to obtain deal flow.
Angel investing has a high failure rate, winners need to win big to pay for losers, and judging co-founder compatibility is key.
Get to know the company culture and people, mentoring is the biggest value add for portfolio companies, introduce startups to potential partners and help build management teams, avoid procrastination and make quick decisions to build a bigger company.
Y Combinator's success is due to their focus on screening and mentoring founders, and new investors should have a diversified portfolio approach.
Be like the Parkland students and take notes at demo day to be civically engaged and successful.
Invest in what you know, focus on blockchain/crypto, and be aware of unintended consequences when creating investment tools.
Angel investing requires serious decision-making and a commitment to maintaining integrity and transparency in order to benefit the entire ecosystem.
Thanked speakers and organizers, asked for feedback, and announced demo day invites for next week.