Re:Ask HN: How do I find early stage startups to invest in?
by anamax on Wednesday April 13, 2022 @04:07PM
(#31019622)
I agree that almost every startup investor claims to add more than money.
I'm a bit more negative - I think that most investors add less than money, that "help" from most investors is, at best, a waste of time, and all too often actually harmful.
I mostly agree with the idea that advice from most investors is useless. (That said, I do know an entrepreneur who says that some advice from a "not investor" got him into a very lucrative business that didn't need investment during the pandemic instead of flailing around looking for investment.)
However, there are other useful deliverables.
Re:Ask HN: How do I find early stage startups to invest in?
by jilijeanlouis on Wednesday April 13, 2022 @02:39AM
(#31011829)
yes you're right. thanks why I said : actually help founder with what you know the best, do pro bono and build your reputation to get over the platitude and noise and build a "doer" reputation and of course act according to it.
everyone claims to be bringing unquantifiable value to the table, and the only investors that actually do are mostly bringing their top-tier name and possibly some support functions coming out of the gate like specialized legal or recruiting. sure, sometimes you get a hire, sales lead, or business partnership .. but you also have to coddle them and it seems like thats a wash. I guess there is advice, some of which is pretty valuable, but its hard to filter that out from the overly general platitudes.