Only one investment criteria: founder(s).
It's all about founder(s): Aim for excellence in both product and distribution (sales)
Principals
You are not the CEO!!!
Be on demand, ready to help.
Advise only on topics you consider yourself as topnotch
Your job is to make the founders save time, they are not reporting to you. Keep your cool. Shit will happen.
Build a reputation
Trustworthy. Being a trustworthy angel investor is critical because you do not want to be seen as someone that may create problems. This will kill your reputation.. if it's just money it's fine, but behave accordingly just enjoy the ride.
If you can bring some added value on top of the money, it's great but let the founder leverage your skills, don't impose them.
Trustworthy. Being a trustworthy angel investor is critical because you do not want to be seen as someone that may create problems. This will kill your reputation.
Money Allocation
It's all about deal flow
Be honest with your ambition: if you are not ready to invest a significant portion of your time, money and energy better to invest via syndicates or angel funds
Some great angel funds
- Nordic Web ventures
- Tiny VC
- Id4 ventures ( Disclaimer: it's ours)
Some tips
Don’t fall in love.
Create a strong network of your own support (financially, strategically, operationally, energetically)