http://www.portfoliopartnership.com/angel-investing-11-interesting-facts-and-figures?utm_source=rss&utm_medium=rss&utm_campaign=angel-investing-11-interesting-facts-and-figures Thu, 23 May 2013 19:43:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.portfoliopartnership.com/angel-investing-11-interesting-facts-and-figures#comment-751 Ian Smith Fri, 18 May 2012 17:57:50 +0000 http://www.portfoliopartnership.com/?p=7520#comment-751 Great point. I don't believe anything I've read at a macro level on returns! Great point. I don’t believe anything I’ve read at a macro level on returns!

]]> http://www.portfoliopartnership.com/angel-investing-11-interesting-facts-and-figures#comment-750 Andy Goloboy Fri, 18 May 2012 15:04:44 +0000 http://www.portfoliopartnership.com/?p=7520#comment-750 Funny…you kill the stats on the inputs but there’s nothing about the returns. I contend that one-off angel investing has no expected value statistically. So, without an angel portfolio (that might have a sliver of expected value at maybe 30 investments or so), individual angels are fundamentally, economically, and statistically throwing away their money. But, they have fun doing it, and they certainly help the entrepreneurial ecosystem. To your point, the angels do have more fun with software and healthcare. Kaufman made a similar point recently questioning the value of venture fund investing. Funny…you kill the stats on the inputs but there’s nothing about the returns. I contend that one-off angel investing has no expected value statistically. So, without an angel portfolio (that might have a sliver of expected value at maybe 30 investments or so), individual angels are fundamentally, economically, and statistically throwing away their money. But, they have fun doing it, and they certainly help the entrepreneurial ecosystem. To your point, the angels do have more fun with software and healthcare. Kaufman made a similar point recently questioning the value of venture fund investing.

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