TheFunded.com

Angel Investing

A rumor is circulating that I have invested in Rocket Racing League (as well as some other companies), and these rumors are false. My goal is to help as many start-ups as possible.

Being The Founding Member of TheFunded.com places me in an unusual position, and making angel investments creates various conflicts of interest. First, I feel conflicted when making a conscious decision to help some start-ups more than others. Second, it is awkward to be placed in a position to judge the future success of start-ups in a more meaningful way. Third, I don’t feel comfortable having unique opportunities to identify dealflow by processing the dozens of daily Membership applications.

So, as a general rule, I am not doing any angel investments.

If the conflicts of interest were not enough of a reason, being a good angel investor is a full-time job that requires a lot of follow-up. For example, I invested in Original Sin Hard Cider in 2000, and I have never once received a formal status update from the management. Over the years, I have made a few other angel investments, but no investments since founding TheFunded.com.

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