Youβre reading an excerpt of Angel Investing: Start to Finish, a book by Joe Wallin and Pete Baltaxe. It is the most comprehensive practical and legal guide available, written to help investors and entrepreneurs avoid making expensive mistakes. Purchase the book to support the authors and the ad-free Holloway reading experience. You get instant digital access, commentary and future updates, and a high-quality PDF download.
I have enjoyed every conversation I have had with an entrepreneur, whether I thought their idea was brilliance or lunacy. If you are a curious person and like to learn about new industries and technologies, and how intelligent, motivated, energetic people are trying to solve big problems, angel investing is incredibly satisfying. If you are fascinated by the entrepreneurial journey because you have lived it yourself (or aspired to), it is fun and fascinating to follow your portfolio companiesβ successesβ¦ and challenges, along with many other companies that you can follow through your angel investor colleagues. Angel investors tend to be smart, successful people who share the same excitement and passion for startups. It has been a great way to meet people and make new friends. Donβt do it just for the payout. As much as the destination of a big payout appeals, itβs the journey that makes becoming an angel investor really worth it.Pete Baltaxe