Dave McClure, cofounder of Silicon Valley investment firm 500 Startups, has learned the tricks of the trade of investing in startups, after shelling out funds for more than 900 startups in more than 40 countries. He shared his breadth of knowledge with guests at the National Angel Summit in Dallas on Thursday evening.
“Startups are a very challenging thing,” he said. “Know that most things are going to fail.”
While he spoke to a mixed audience that included entrepreneurs, investors and advocates, he catered his message to those interested in angel investing.
Here are some of his tips:
On Getting Started
- Your ability to detect if companies will be successful early on is limited. He highly suggests you diversify in at least 10 to 20 investments, arguably more.
- He wouldn’t advise you to invest (ever) if you think you’re going to make a lot of money.
- Make lots of little bets and. . . (Read More)
Article by: Danielle Abril
Published by: Bizjournals.com