How can new angel investors get started?
Last week, I had the honour of sharing a panel with some wonderful women (Rosalind Tan, Adaptive Capital Partners; Amanda Cham, 500 Global; Kristine Phung & Hester, Epic Angels) at Epic Angels' quarterly mixer. Some things we talked about:
1. Deal sourcing: how do you find the best quality dealflow?
Good quality dealflow doesn't sit around and wait to be discovered; put yourself out there, meet people from different circles, join different networks to get a good lay of the land. And while events and networks are a great way to expand your circles, curate which ones you attend or join so that it'll be the best use of your time and energy.
2. Reviewing pitches: how do you know what to look for?
When you're just starting to invest, diving first into industries / verticals that you're familiar with is a good start. You'd know what works, what to look for, and even what some red flags are. Once you've formed better mental models on investments, diving into new industries would feel less daunting. And above all that you're optimising for, the most important is investor-founder fit.
3. Decision making: how do you decide to invest?
Don't be afraid to ask questions to get clarity. There are no stupid questions! In doing so, as long as you're at ~80% conviction, that's good enough to cut the check. Leave the ~20% for (pleasant) surprises :)
And misjudgement of deals and people do happen - we're only human. What's important is to learn from it to make better decisions in the future.
I always love being in a room full of inspiring and ambitious women. Thanks Epic Angels for empowering women to do more and be more, and for having me and Hustle Fund be a tiny part of this mission 💕