Angel: How to Invest in Technology Startups

Written by one of the most prominent Silicon Valley angel investors, Angel is a comprehensive overview and how-to guide for anyone who wants to dip their toes into the investment world. As the title suggests, Jason Calacanis boasts a 9-digit net worth after a string of early bets on startups that went on to become unicorns, most notably with Uber.

 

At 288 pages separated into 32 chapters, the book is broken down into one to five-page sub-sections, where readers can efficiently identify topics that interest them. While Calacanis touches on his personal experiences from time to time, the majority of the book is a straightforward explanation of what the angel investment profession encompasses, from big picture concepts like evaluating a deal to more nuanced subjects like bringing a paper and pen to your pitch meeting instead of being “that guy” writing on a tablet.

 

Industry insiders can probably do without reading the first few introductory chapters–such as ‘What’s Special About Silicon Valley’ or ‘Startup Funding Rounds Explained’–although they do lay the groundwork for understanding Calacanis’s approach and the environment he’s investing in. Chapters like ‘The Perfect Way to Decline a Deal’ and ‘The Disastrous Second Year as an Angel Investor’ really play to the depth of his 25 years of experience in the industry, and are sure to even be insightful to seasoned investors.

 

The later chapters are generally more technical–covering topics like minimal viable product or valuation–and jam-packed with advice newbie investors may not even know they needed, such as writing the perfect deal memo and managing their relationship with other angels. Investors can use sections like ‘Question Zero’ as a play-by-play for what they should ask at a founder meeting.

 

Calacanis explains that he wrote the book for anyone interested in angel investing, from “the mom in the bookstore with screaming kids” to “the kid graduating from college,” so he also includes sections about investing with little or no money.

 

Like his podcast ‘This Week in Startups,’ Calacanis has an effortless way of drawing listeners and readers in with his genuine demeanor and take-it-or-leave-it attitude. In one memorable section titled ‘Jason Calacanis does not eat shit,’ he details an incident where he tells another investor: “If you try and trample my rights on this deal, I will simply not pass the ball to you in the future–but I will pass the ball to your competitors, and not only that, I will take this current deal and walk it into Alpha, Beta, and Delta ventures personally.”

 

While this anecdote is amusing, it also relays the more important message of protecting oneself and encouraging collaboration rather than infighting within the startup community–a middle ground that exemplifies why the book is an enjoyable read throughout. –MC

angelthebook.com

 

 

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Cryptocurrency without the Risk

The Benefits of Cryptocurrency without the Risk: Stablecoins

As of October, Tether, the largest stablecoin in the world, is the fifth largest cryptocurrency in the world. As of October 18, Tether has a market capitalization of over US$69 billion. However, to make sense of this development, let’s break down what a stablecoin is, and then look at the various kinds of stablecoins and what the future holds for them.

TikTok Takes the Crypto Plunge into NFTs

TikTok Takes the Crypto Plunge into NFTs

The NFT craze does not seem to be going away anytime soon. The global hype around immutable digital assets has only gone up as TikTok hops on the bandwagon, allowing fans to “own a moment that broke the internet”.

Top Five Data Breaches By Tech Giants In Recent Years

Top Five Data Breaches By Tech Giants In Recent Years

From Facebook to Adobe, we often hear about data breaches in the news. In today’s digital world, data breaches can affect hundreds of millions of users simultaneously. By definition, a data breach means an incident in which secure or private data is released intentionally or unintentionally into an untrusted environment.

How Can You Launch an Air Taxi Startup

What Is an Air Taxi and How Can You Launch an Air Taxi Startup?

It’s finally happening. Flying cars—a concept we saw in Harry Potter and the Chamber of Secrets and Back to the Future—are becoming a reality. While many people might scoff at the idea of flying cars—“What’s next? Teleportation? Pfft”—investors are all about taking the chance. So much so that they have set aside US$4.3 billion to meet the requirements.

The Rise of Social Audio Apps

The Rise of Social Audio Apps

After over a year of working from home and attending online classes while in lockdown, many are feeling the brunt of the increased screen time. The recent rise in the popularity of audio media, like podcasts and audiobooks, can be attributed to screen exhaustion.

Periods Sustainable

A Guide to the Products That Make Periods Sustainable

Periods are hard on menstruators’ bodies. The cramps, the nausea, the mood swings, the food cravings make the 5-7 days unbearable and torturous as it is. But did you know that your period is also indirectly harmful to the environment?