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I am wondering what The Collective thinks about angel investing. ( I know one doctor on here had a truly horrible experience.) I’m wondering if it is worth the risk/reward of looking at this class. As for me, I am squared away with respect to “traditional” investing/savings/debt, my share of the practice, some real estate, a minority share of a private business, and a couple fun but minimally profitable side gigs. I guess I’m looking for something to further scratch my itch of non-traditional investing, but not something which is going to take up too much free time.
My specific questions:
1) As I drop down to half time with my practice, I find that I have more 9-5 time free that I could conceivably spend evaluating deals. Could one expect this research to reasonably lead to good outcome? (I am thinking of crowdfunded real estate and my assertion that private banking is scooping the best deals. Or stock-picking in general.)
2) One purported benefit of being an angel investor is the chance to be involved with new and interesting people. As a bona fide introvert, this is unappealing, particularly as I get more crotchety with advancing age. Something such as “AngelList” (a fund of investments) might be a possible option. Any experience with these?
3) I don’t have enough contacts (or money) to be a stand alone angel investor to reasonably invest in 10-20 companies, so barring the use of a fund, I would go through a club/group. (Such as Space Angels or a local group.) Thoughts about these? Two things give me pause, the expectation of required capital commitment ($50-100k/yr) and involvement with the founders. Regarding the money, I worry that I’d not find something good enough to justify that price tag year after year. Regarding the involvement, refer to point 2 above.
My specific questions:
1) As I drop down to half time with my practice, I find that I have more 9-5 time free that I could conceivably spend evaluating deals. Could one expect this research to reasonably lead to good outcome? (I am thinking of crowdfunded real estate and my assertion that private banking is scooping the best deals. Or stock-picking in general.)
2) One purported benefit of being an angel investor is the chance to be involved with new and interesting people. As a bona fide introvert, this is unappealing, particularly as I get more crotchety with advancing age. Something such as “AngelList” (a fund of investments) might be a possible option. Any experience with these?
3) I don’t have enough contacts (or money) to be a stand alone angel investor to reasonably invest in 10-20 companies, so barring the use of a fund, I would go through a club/group. (Such as Space Angels or a local group.) Thoughts about these? Two things give me pause, the expectation of required capital commitment ($50-100k/yr) and involvement with the founders. Regarding the money, I worry that I’d not find something good enough to justify that price tag year after year. Regarding the involvement, refer to point 2 above.
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