Evolving, LA to NYC.
I have been angel investing now for over 12 years, more if you include the one off’s prior to making it a full time job. There have been ups and downs just like a start-up. I have learned a ridiculous amount and met so many incredible people.
My friend sent me this article on Techcrunch about the high valuations and frenzy around the YCombinator’s Winter 2019 class graduates building their companies with huge capital on SAFE documents. A few days later I talked to someone who is angel investing in Salt Lake City bringing capital to the community where start-ups with sometimes a lot more traction than the ones out of SF are valued in reality.
I have come to realize that I do truly love angel investing although I just can’t invest at the pace I did. There are so many factors on why I have rethought my thesis but it is a work of progress that will continue to be fine-tuned. I still want to own 1% but I have a better understanding of what I am looking for. Scrappy founders who might only need to raise one round or founders who have solid institutional investors with deeper pockets at the table. At the end of the day, the capital is key.
I have reinvented myself multiple times. I am deep in the throes of the design of our construction projects. I am absolutely loving it. I am thinking about things I care about that I might want to dig into such as the homeless problem and incarceration. Even thinking about a film that has been rattling around my brothers head for 25 plus years. I have given myself permission to not be all business and it is a new me which I have to say I am liking the way it looks.
Angel investing will never stop. I love having my finger on the pulse and my head is a library of knowledge on this. Founders always excite me and the podcasts are my favorite way to talk, engage and get those stories out there.
Next week I will be back in my beloved NYC inhaling that concrete jungle like a fragrant flower. I am really excited about my next evolution.