I do angel investing nine months ? Kryptoners published in Year One Labs / Ben Yoskovitz The writer is co-founder Ben Yoskovitz business incubator Year One Labs, the description contained in the instigatorblog.com. I am a business incubator Year One Labs (a 'seed accelerator'), one of the co-founders. During 2010 to 2011, I had full participation in the 5th seed investment, but these are not really the angel investment (although there are some similarities between the two). 9 months ago, my first day independent vote, has invested Sendwithus, Scalability and other seven companies. Every time I invested amount is not great, but I want my team to know that the investment, which for me is not a small sum. Recently, I slowed down the pace of investment, hoping to take this opportunity to reflect on my past investment, as well as lessons learned from. 1. angel investment is very interesting. Even if sometimes return is not satisfactory, it still bored. Fun day vote that may be a group of smart people together to do Cosplay Costumes some cool things. I think if the day is not so interesting to vote, then I will not go on. Of course, this process also some not-so-interesting things, such as reading legal documents. Every time I read the cooperation agreement, can not wait to pull out his eyes. 2. difficult to say 'no.' In general, and I have come across most entrepreneurs I liked. The thought of these entrepreneurs can boldly started from scratch, I would not tell them to have a sense of intimacy, which makes them difficult for me to say 'no', especially for friends. But from an investor's perspective, I should as much as possible to maximize the benefits, so the company model to be selective, and should be regularly say 'no.' This is hard for me, but not fun. 3. Due Diligence little. I have read angel investors Dharmesh Shah on due diligence article, he was almost right company to do due diligence, which is a certain reason. Many of my investments very early, at this stage, the company has nothing much to be investigated. Of course, if I do not have an industry familiar with the case, I would like to know more about the situation and founder of industry development plan, but I will not go to get to know. I like to ask 'why', just to see how they answer questions. ? The understanding of human eccentricity. I have invested in seven companies, five companies of the founders I know. This is not vampire knight wigs surprising, I think a lot of angel investors will do so. But the key is, you have to broaden your horizons as soon as possible. I will always online venture financing platform AngelList, a lot of information here, but here is not friendly enough for me, I prefer a more personalized and convenient way to invest. But anyway, you have to jump out as soon as possible of the original interpersonal circle, looking for more opportunities. 5. A different number each investment. This approach may be quite right, but I have been doing. In this regard I have its own logic, but the main reason is that I want to do more investment, so some companies have less to invest in some, after catching shot. 6. Some companies invest more. This is mainly based on my observation of the founders, and their interest in me. Most companies I have invested will send periodic update reports to me, which is an important means to maintain fatestay night wigs investor relationships. There are also some companies will find me to ask questions from time to time, I am also very happy to answer them. In fact, I would always say to myself: 'Do not invest those who always need your assistance, the founder of investment that should not need help, because they know everything.' It has become a deep-rooted in my view, but I We will try to jump out of this mode of thinking, because I like to help others, but even the most outstanding entrepreneurs also need help. In addition, you are helping others, will feel very good. But beware, even if a company's core business will need to seek help, and that the company is certainly a problem. I can help onimenokyo wigs a company start providing data analysis, streamline operations, recruitment and other aspects of the proposal, you can listen and comfort him in difficulties when the founder, but if they still need help in other ways, then I will a little worried. 7. disagreement. I and founder have differences of opinion, but I will not impose my ideas, this is the gentlemens alliance cross cosplay not what I should do. I gave them money, and believe them. Sometimes this sense of trust will disappear, and there is a problem, but I try not to hope that this situation occurs, I do not like this feeling. I think, in charge of power should be the founder of the company is their baby, not mine, I'm just a companion. If they need my advice, I will help them; if I feel they have areas for improvement, I would remind them, but I will not insufferably arrogant. Everyone makes mistakes, but also need to make a mistake, I would not because of a little capital and experience to become an all-around expert. I know the hardships, I also know that the founder does not need me time to stare at them. ? 8. No investment decision theory. This is definitely wrong, but I think that summed up its own set of decision theory investment takes time. At present, I summed up the only theory is that in deciding whether to invest in a company, think about whether you are willing to venture together with this team. If the answer is yes, then the investment becomes much easier. Therefore, people are the key to investment. However, this theory will be confined to a certain extent, my investment scope, because I wanted to start together with the people and not that much. 9. follow the trend of investment. Investor Mark MacLeod recently published an article entitled 'Social factors have been over-amplification' of which I began to reflect on my investment partner. Some of these investors was very successful, very influential in the industry, I was in the investment decision-making is inevitably affected by their identity. Of course, sometimes I talked with my investment company with other investors, and no communication. 10. The suit does not invest. Sometimes, when I hear some well-known investors against investment I want to invest in a company, I will shake my decision somewhat, I would rethink the investment again. When I was influenced by this idea, I would tell myself: most of the time most investors are wrong. 11. not respected multi-party participation. Every time there is investment in the multi-party (such as 7 or more) come in, I will be very nervous. Angel investors are very much in the hands of investment projects, it will be very busy. If you are in a crucial stage of the company, investors need to seek help, you will find it difficult to come together investors. For me this smaller investors, I am afraid this party. 12. Establish the investment community. I know some in the investment community is very active people, but also work with them, but I have not taken the time to establish a close relationship, a trusted investment circles. This will be the focus of my work within the next six months. The establishment of the investment community to help develop such projects, but also to promote mutual learning. 13. Early divestment. As an angel investor, I did not like some of the venture, to wait until the company reached more than $ 100 million before the divestment. In fact, in the early divestment appropriately it is necessary. As a result, liquidity will improve, and I have a better understanding of what I'm doing. ? 14 days to vote almost senseless to speak of. Most start-up companies will die, that's a fact. I remember there was one investor said to me: 'When you invest that money should be deemed to be for naught.' It really touched me. But in the meantime, I will give my all as each investment is successful investment. Successful scale is different, but I think these decisions are correct. However, unless I was particularly lucky investment genius or otherwise difficult to avoid investment failure. In fact, most of my investments are likely to fail. In my opinion, angel investment is almost senseless to speak of. When an angel investor said, 'I just helped them', I believe it is sincere. After that, I'll think about the next few years investment plans. According to my annual budget, the future I might invest annually 5-8 companies, according to the plan at least another three years. I really enjoy doing angel investors these nine months, and hopefully I can continue to invest in some great teams, work with them. If you have the ability to angel investors, I hope you can try. In my opinion, whatever the outcome, this is a very positive experience, you are helping others realize their dreams, and there ef a fairy tale of the two cosplay may therefore receive a return. Of course, I do not encourage blind investment, to invest in the industry to fully understand, but do not have too much research. To himself as an entrepreneur, boldly into it, learning by doing it! (From: 36 Krypton)