Mar 26, 2022 · 15m · my-first-million
How To Turn $10,000 Into $150,000 With Angel Investing
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Sam Parr and Sean Puri break down the mechanics, mindset, and deal-sourcing strategies of angel investing, explaining how to leverage brand visibility, thematic research, and long-term patience to capture asymmetric startup returns.
Statements from this episode (9)
Shaan Puri: Startups are the only asset class that selects the investor
“Startups are the only asset class, like, real estate doesn't work this way, stock market, like, in real estate, if you want to buy it, you go buy it. If you want stock, if you want to buy it, you go buy it. Startups are the only thing where even if you want in…”
Shaan Puri sources half his fund deals from niche domain expert friends
“That's, I would say, 40 to 50% of the portfolio is relationships with friends who themselves are experts and specifically people who are experts in one niche.”
Shaan Puri: Angel investors should aggressively back multiple adjacent companies within themes
“Once you decide X is a good idea, you need to go invest in that company and then like the five other companies that are like adjacent to it.”
Shaan Puri's investment fund is deploying $2 million into startups quarterly
“So now we're doing almost two million a quarter. We raised more money because we just had better deals.”
Sam Parr turned early $20,000 angel checks into stakes worth $500,000
“And a couple of them have turned out to be like meaningful, like turning 20 grand into like 304 105 100,000 dollars.”
Shaan Puri: Small crypto venture funds have achieved 100x returns
“There are literally crypto small funds like ours that, that have had a hundred X, the hundred X the fund in, in, in the period of time, right?”
Shaan Puri: Reputation compounds much faster in startup investing than public stocks
“Compounding also comes into play here in a way that doesn't happen in the stock market. And doesn't even really happen in real estate. Real estate has it to an extent, but not in the same way as how fast your reputation can compound in startup investing.”