angel investment

“You know, you talk about angel investment being at about a billion pounds a year in the UK.”

“Since the time I wrote the book, I hit three more unicorns, so I've got six unicorns and 125 investments, which is about one every 21 investments. It's kind of an unprecedented track record.”

“In my case, the angel investments that I've made that were a little high in price have been ones that I was glad that I've made. And when I see ones that are sort of below market or really on the cheaper side, usually they're not the deals I want to do.”

“Of all those things, market is the first thing I look at when I'm making an angel investment because I've actually seen, I've now been investing long enough that I've seen great founders pursue terrible markets and the businesses just don't go anywhere.”

“One of my angel investments has got 12 years of runway.”

“I mean, best case scenario, you're talking about having your money locked up for probably over a decade, at which point the company has raised so much additional capital that your position could be diluted down to less than half of what it started with.”

“Yes. So that is why on paper and like, and in terms of cash returned, I'm actually in pretty good shape, but yeah, it's remarkable how, how the outliers sort of outclass the rest.”