An angel investor says the job is to back 5–10 startups a year and expect write-offs
whatsallthiss · x · 2026-07-29
An angel investor says they have blown a lot of money on angel checks, and now think the right mindset is to commit for the long term: roughly 5–10 investments a year, almost like building a private fund. They also stress being mentally prepared to write the money off.
In the quoted reply, another founder-adjacent take on angel investing is turned into a blunt joke: if you want to try it, take $10k out of the bank, put it in the toilet first, and see whether you can stomach the loss.
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