#14: Never Invest in the Business Model
I am an angel investor. I have been investing personally in early-stage companies, Pre-Seed through Series B, since 2015. I do it not for money but for love of the game; the greatest pleasure to me is to learn from entrepreneurs smarter than me, and help them succeed.
Over the last five years, as I look at my wins and misses, one thing seems clear: at the earliest stages, business models do not matter at all. This is a deeply unpopular position…
Check out the full essay on my website.