#82 - My Angel Investing Strategy
About This Episode
Shaan Puri breaks down his tactical approach to angel investing, sharing how he started by scouting deals for other investors before using his own capital. He explains the power law of startup returns and the specific criteria he uses to evaluate founders, such as clarity of thought and realistic optimism.
Episode Description
Key Takeaways
Think of yourself as an investor from day one and leverage your access to founders even if you lack the personal capital to write large checks.
Build a portfolio of at least 20-30 companies to allow the power law of returns to work in your favor, as most gains come from a tiny percentage of winners.
Evaluate founders based on their clarity of thought and whether they have correctly identified the main risks of their business rather than being delusional optimists.