Archive: Pre-IPO Profits
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How the Tech Exodus Affects VCs
Last week I wrote about the current trend of businesses fleeing California. I believe this will be one of the defining issues of our time. California’s tech exodus can be traced to many deep and complex societal issues. California has taxes that are far too high, housing that is far too expensive and massive wealth inequality. These issues aren’t unique to California. But they are especially pronounced there. So it will…
AngelList’s New Rolling Funds Worth the Look
By Adam Sharp on August 11, 2020
Back in February, AngelList introduced a new feature called “rolling funds.” It’s a new type of fund that invests in startups. To understand what’s unique about rolling funds, we first need to know how traditional venture funds work. Traditional funds typically…
Real Estate Returns Versus Stocks
By Adam Sharp on August 4, 2020
Note: This is a guest post from our friends over at MillionAcres. They’re focused on finding the best real estate investment opportunities for accredited investors like you and me. And as they show here, real estate investing, much like angel investing, can be far more lucrative than investing in stocks.
Finding the Best AngelList Syndicate Leaders
By Adam Sharp on July 28, 2020
Chris Sacca is a legend in the angel/VC world. His first VC fund — Lowercase Fund I — has been called the best-performing fund of all time. Here’s how Fortune described it back in 2015. Can you name…
The Importance of Co-Investors
By Adam Sharp on July 21, 2020
As online angel investors, there’s an easy metric we can use when judging possible investments. If we pay attention to who else is investing in a startup’s round (also known as co-investors), we can learn a lot about the quality of the deal. For example, if…
Updated AngelList Dashboard Tracks Portfolio Performance
By Adam Sharp on July 14, 2020
Over recent months, AngelList has made some major updates to their investor dashboard (if you haven’t been given access to the new dashboard yet, they should be rolling it out to you soon). To access the dashboard, log into Angel.co and…
Accredited Investors Have the Advantage — For Now
By Adam Sharp on July 7, 2020
Today in America, accredited investors still have a major advantage over non-accredited investors (approximately 92% of America). We can invest in all private startup and company deals, including those on sites like AngelList. These Regulation D deals have no limit on the amount of money the…
AngelList Access Funds Show Promise
By Adam Sharp on June 30, 2020
Let’s talk about AngelList Access funds. These funds allow you to make a single investment and get exposure to the hundreds of top startup deals that take place on AngelList. I wrote about them back in January. Now,…
Online Angels Have an Advantage Over VCs Right Now
By Adam Sharp on June 23, 2020
Traditionally, startup investors (VCs and angels) tended to do deals in person. It’s a slow and inefficient method. But it’s the way things have always been done. During this crisis, everyone has been forced to operate remotely. But from what I’m reading…
Startup Investing in a Recession
By Adam Sharp on June 16, 2020
The U.S. stock markets are nearing all-time highs. But all is not well with the economy. A huge portion of small businesses are struggling to pay bills. Big corporations are faring better, but they have their own issues that need to be addressed — too much…
Avoid High-Priced Startup Deals
By Adam Sharp on June 9, 2020
In the last week, I’ve been invited to invest in two hot deals on AngelList. Both companies are doing well because of changes caused by COVID-19. One is in telehealth. The other is in food delivery. But when I checked the valuation on these…
How to Naturally Diversify Your Portfolio
By Adam Sharp on June 2, 2020
When it comes to startup investing, I am “industry agnostic.” In other words, I never invest in a deal just because it’s in a certain sector. Instead, I evaluate every deal individually. I look at the fundamentals, model, team and growth rate. This approach has naturally…
How to Cope With a Lack of Startup Updates
By Adam Sharp on May 26, 2020
I was very excited when I first began online angel investing in 2014. I loved the concept. So I invested in 15 deals within just a few months on AngelList and FundersClub. I thought they were high quality picks. And I eagerly waited to see how they would do. But…
Raise Your Personal Investment Bar
By Adam Sharp on May 19, 2020
As I mentioned last week, there’s been a significant decrease in the number of startup deals coming across my desk lately. On the bright side, though, the quality of deals on accredited sites like AngelList is much higher (on average) than I’ve ever seen. This is a common trend during…
Startup Deal Flow Changing
By Adam Sharp on May 12, 2020
One of my favorite AngelList syndicate leaders recently wrote a note to all the members of his syndicate. He told us the volume of new deals he’s seeing is down about 90%. Many of the startup deals we’re seeing right now were arranged before the COVID-19 quarantines started. These deals…
New Syndicate on AngelList
By Adam Sharp on May 5, 2020
Adam Sharp explains why he joined a new syndicate on AngelList.