Fixing the world of Angel Investing

I've been working closely with the DaVinci Institute on some of its entrepreneurial efforts, and recently had a chance to interview Kevin Johansen, the sharp and charismatic head of the Entrepreneurial Standards Forum, about the world of angel investing and how it could be significantly improved. It's a long interview, but darn interesting for anyone who's ever thought about raising capital...

Q: I think that historically angel investing has been not just erratic and characterized by poor diligence on the part of investors, but also a crap shoot in terms of results. What are your thoughts?

Investing in startups is a gamble that's more likely to pay off if you know the rules of the game and play the percentages. By comparison, if you go to Vegas and watch the professionals you'll quickly learn that they know the rules inside & out and that they play the percentages with a great deal of discipline. This generally means that unless they know *exactly* what their next move should be, they don't move. The amateurs, however, are there for fun and the off chance that they might hit it big. As a consequence, they generally don't think much before they act as doing so lessens the element of surprise and can take the fun out it...

Continue reading about angel investing at The Intuitive Life Business Blog.