Rachleff: Early-stage angel investing in software is a sucker's bet
Andy Rachleff · 20VC: Andy Rachleff, Founder @ Benchmark & Wealthfront on What Makes The Best CEO & Board Member & Why Ivy League Endowments Are The Best Managed Capital In The World · Jun 20, 2016 · at 16:51
Andy Rachleff, co-founder of Benchmark and Wealthfront, discusses how premier VC firms let angel investors take on early-stage market risk in software startups.
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“It's a sucker's bet. It's a terrible risk reward because you have all of this market risk, and there's no way to evaluate it.”
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