The honest risk profile

Most early-stage startups fail. Returns come from a small number of outliers, which is why serious angels build a portfolio over years rather than betting on one or two companies, and size each ticket so that a total loss doesn't hurt.

Why do it anyway

  • Asymmetric upside: the winners can return the whole portfolio.
  • Involvement: board seats, mentorship, real influence on outcomes.
  • Learning: the fastest way to understand where technology is going.
  • Ecosystem: experienced operators recycling capital and know-how into the next generation.

Why do it in a group

A network gives you what solo angels lack: volume and quality of deal flow, shared due diligence, syndication that lets you diversify with the same capital, and colleagues who've seen your mistakes before you make them.

Sound like you? See what membership involves or apply to join.