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Why Angel Investors Don't Make Money ... And Advice For People Who Are Going To Become Angels Anyway

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September 30, 2012View for printing

Everywhere I go in Silicon Valley I hear people discussing their angel investments. The conversations remind me of fish stories. People love recounting the one time they caught a big fish, not the many futile hours they spent waiting for a bite.

My skeptical perspective on angel investing is colored by my 25 years in the venture capital business and the data I use to teach my students at the Stanford Graduate School of Business.

Andy Rachleff

Full Story: http://techcrunch.com/2012/09/30/why ... els-anyway/

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If you are really interested in this article, read the comments. There is a study of angel returns noted in the comments and totally ignored by the author.




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