What’s your thought on being an LP in a fund rather than being an Angel Investor? Old sage advice about Angel Investing is that you’re very likely to lose 90% of it, if not more. Doing that math…. even one year of salary is only 3 or 4 meaningful investments as an Angel; that’s a scary ratio.

Reasonably, Angel Investment usually refers to $1,000,000 of completely disposable wealth, 10 startups at $100k, or thereabouts. Heck, call it 20 at $50k and at least you more likely have an ROI. And that’s still likely completely lost so if 10% of your portfolio,we’re talking $10,000,000 to be an Angel Investor.

Kick that money into a VC and play the same role with much greater diversification and experienced partners; seems the far more sound way to go. No?