Silicon Valley is fortunate to have a paying forward mentality where entrepreneurs help and mentor each other. More of this should be happening in Asia.
Monthly Archives: March 2013
Angel Investing By The Numbers
And the numbers are not pretty:
- 3.2x cash-on-cash return for all investments put together (total dollars out divided by total dollars in).
- Of the companies angels invested in, 63% were complete write-offs for the angels involved.
- 66% of angels made less than what they invested. 45% generated no return.
To put the numbers in context, please read the full article. As the author pointed out, there is some reason to believe that the data may have a slight bias towards negative returns as 50% of investments happened between 1995 and 2000.
So why do I keep investing? I think it boils down to these two reasons. One, I am an optimist who believes that over the long term tech is an attractive investment play. Two, I love meeting and working with people who believe what they do makes a difference. Right now I am having fun. Hopefully at some point I will see the money again, and then some.
The Apprentice Programmer
Not that degrees matter anymore. They do not. Experience does. That is one of the things my apprenticeship and the dual education system in general taught me: experiencing and learning things quickly is the ultimate life skill. If you can do that, you can conjure up impossible situations for yourself over and over again and succeed.
Thanks Calvin for sharing the link.
therealjohntan 