Re:He’s start-ups' best friend
by avk on Thursday April 29, 2010 @01:17AM
(#1303637)
I feel articles like these make (angel) investment seem like the end-all and be-all of startups. If you just get Ron Conway to invest, you're set... Does anyone else find that extremely silly? You're a business, not a popularity contest.
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Whether it seems silly or not, it is in fact true that if Ron invests in your company, other investors will. Partly because they respect his judgment, and partly because if he has invested, your chances of succeeding have increased.
I'm not disputing his judgment or the fact that your chances of succeeding have increased. I just don't see that as the end goal whereas that's exactly how the article ends and where it leaves the reader ("And Ashton's in, too!").
I've actually met a pretty successful angel who more or less only invests in companies either Conway or a handful of other similar angels have already invested in. He's success rate is incredible from the sound of it.