From the (angel) investor’s corner (50): Some conclusions
Angel investing is a great way to learn and develop skills and relationships. Even if the companies you invest in fail, you’ll still gain valuable experience.
It’s important to have a clear investment thesis and focus on areas that aren’t crowded. This will help you avoid competition and find opportunities for success.
Be prepared to lose all of your investment. Angel investing is a high-risk activity, so only invest money you can afford to lose.
Focus on the long term and be patient. It takes time for most companies to succeed, so don’t expect to get rich quickly.
Use angel investing as a way to experiment and learn. Don’t be afraid to try new things and make mistakes.