Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000 Hardcover – 27 Jul 2017
|New from||Used from|
- Choose from over 13,000 locations across the UK
- Prime members get unlimited deliveries at no additional cost
- Find your preferred location and add it to your address book
- Dispatch to this address when you check out
Frequently bought together
Customers who bought this item also bought
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
“It’s easy to snigger at the swagger, but Calacanis has reason to preen. He hasn’t merely survived the bust; he’s thrived in it. The qualities that made him annoying to his New York colleagues during the boom—his abrasive demeanor, his hucksterism, his incessant networking—serve him well in the postbubble economy.” (Wired)
“And that’s the thing about Calacanis. Only a sucker would bet against him.” (Fast Company)
“The sort of person who is frequently described as a character out of a movie.” (The New Yorker)
“Sequoia Capital has funneled millions of dollars to scores of well-connected entrepreneurs, academics, and other people known as scouts. . . .Mr. Calacanis was one of the earliest scouts and ran an online news startup called Inside.com, in which Sequoia had invested.” (The Wall Street Journal)
“Jason would never stab you in the back. He might stab you in the face, though.” (Douglas Rushkoff)
“Arguably the world’s greatest angel investor.” (The Twenty Minute VC)
From the Back Cover
Please read this if you want to be rich.
You just picked up this book and you’re wondering if spending a few bucks on these 288 pages could change your life and make you rich beyond your wildest dreams. I’m the author, Jason, and I was born in Brooklyn to a bartender and a nurse, and I now live in a big house with a bunch of Teslas in the driveway and an ATM balance receipt that makes me smile from ear to ear every time I see it.
In this book, I explain how I did it, without having an MBA or a rich dad, but simply by hustling my way into early-stage tech startups in Silicon Valley. No one thought I would ever make it in this business, and many folks actively tried to stop me, but I’ve now gotten lucky eight times and taken home tens of millions of dollars, and I’m only forty-six years old. I’ve done so well that my plan is to quit the game in the next couple of years, so this playbook is my gift to you. Yep, you: the mom in the bookstore with screaming kids, the sales executive in the airport exhausted from layovers, or the kid graduating from college wondering, “What now?”
I hope you will have the audacity to buy this book, read it every year for the next five, make fifty outrageous bets in tech startups, and hit one that goes one hundred or five hundred or even five thousand times your initial investment.
Some of you will put this book down and go back to your predictable lives in the matrix. But I’m guessing more than a few of you will read this book jacket and say, “F— it, I’m going to take my shot!”
I’m ready. Are you? Let’s get to work.See all Product description
What other items do customers buy after viewing this item?
Top customer reviews
I have always been skeptical towards "Investing literature" (except for a few rare exceptions), but since I have been following Jason and "This Week in Startups" since high school, I gave it the benefit of the doubt. And it paid off. Needless to say I finished the book the same day it arrived.
On page 1 Jason will mention 3 different words by which people have labeled him:
Keep these words in mind, because after P1 you'll doubt whether this is written by the lucky, the fraud or the brilliant. Maybe in the end is by all of them.
If you could pick 10 words to describe startup founders these would appear. Being angel investing a close second, the same list would apply, because independently of the path you'll choose, at every step, these words will jump to your mind.
- you'll feel lucky that you've survived another day,
- you'll feel like a fraud because of constant hustling and chutzpah (leading to impostor syndrome and thinking others are more competent) and
- you'll feel brilliant, because you have been able to execute your idea and/or maybe you've been crushing it since week 1.
First of all, this is a fundamentals book of angel investing. It explains the different ways capital enters into the startup ecosystem, but focuses on the early stage part. This is where the angels enter.
The book is divided in 32 chapters, which could be roughly categorized in 3 parts: Before, During and After the hunt.
PART ONE: BEFORE THE HUNT
This first chapters introduce the reader to Jason's background, his angel investing career, Silicon Valley, why you have to be there, etc. laying all the cards on the table beforehand.
This part also explains why you have to be in Silicon Valley, the different rounds of start-up funding and in which ones you'll ideally be participating in. It is also useful to assess your options, which type of angel investor you could be and which percentage of your capital to allocate. Are you an individual with more than 1M in the bank or you're broke student that wants to try his/her luck. While the learning process, the mindset and the first steps of both would be the same, your paths will diverge pretty fast.
PART TWO: DURING THE HUNT
In this part, which would start at Chapter 12 you are provided with a field guild on how to start going to pitch meetings, how many of these you should take and in how many of these start ups you should invest, if any. If you are willing to pursue angel investing as a full time endeavor you can consider this part as your progress meter. It is filled with examples on how to approach this specific part of the journey and there is some useful advice on how to network in general.
It also cover various topics on what to do before, during and after taking these meetings, bearing in mind that you are playing the big number game. The information you will gather will be invaluable in your investment decisions, so in order to be able to quantify and qualify, and analyse your meetings more easily you should try ordering this information. The notebook example is one of them.
Pay extreme attention to the chapter on founder question. This is not as obvious as it seems, but the advice given here will reduce the amount of misses and errors during your career. Adding to this idea one should also look at the Founder or Fraud chapter. Put it in simple terms it addresses with examples the classic "if it looks like a duck...", this will help you differentiate between a founder that is a fraud and a founder that hustles. The line is thin but it exists.
Finally. Due diligence.
PART THREE: AFTER THE HUNT
In this final chapters, Jason goes through what you should expect after you have invested in a startup. It explains what would be considered as your reasonable rights, like "pro rata", monthly updates, and what you could expect after big players, like venture capital firms, enter the game.
To maintain your feet on earth there is also a chapter dedicated on the "second year". Explaining if you're in the game that means you're relatively risk tolerant, so in order to keep your expectations in check, you should know that after 12 months, a bloodbath will happen. Some of the companies will go away, some will stay the same and one will grow.
Finally Jason provides a a great summary of the exit strategies that you could count on.
Before finishing I would like highlight some "caveat emptor". For those that are not familiar with Jason and his speaking and thinking manner, be prepared for a direct and blunt style.
Also bear in mind that angel investing is not for everyone, you can work the hardest in your life, but result may be meager or may not come entirely. This is a long term game and you have to be always on the move, be it networking, going to meetings, conferences or constructing your portfolio.
Having said that, by describing not only the technical parts of angel investing, but also the emotional ones, it pursues to give you the necessary tools, so you will have the correct mindset and the discipline of work that will be essential in your future.
Maybe angel investing is not for everyone, but the book certainly is.
- If you you're an Optimist and you believe that tech and Silicon Valley are only just getting started, read the book. In the worst case, you'll learn something new, in the best you'll start a new adventure.
- If you're a Realist and you believe that tech and Silicon Valley are here to stay, think about the books as your first long term investment. In 100 years the first edition could be considered as one the foundational texts of angel investing. By the way, keep the dust jacket.
- If you're a Pessimist and you think that the modern day tech 2.0 bubble will crash soon and the Silicon Valley hubris will disappear, buy the book so you can have one of the documents to prove where the decadence started. Also keep the dust jacket, just in case.
Going into the book I expected something different - more of a history/structured book. That is not the case, this book his highly operational - literally includes the questions to ask founders, what to put on your linkedIn and key term sheets concepts like pro-rata and why they matter.
The tone is originally Jason so fast paced - including the occasional shenanigan like a disclaimer "don't read this book if you can't handle loosing the money". If you like or dislike that comes down to your taste. The knowledge and practical advise is definitly there and very much worth it.
For an extra point I would have included other books for interested people to read, like:
Creative Capital: Georges Doriot and the Birth of Venture Capital
Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist
If you're an entrepreneur like myself, you'll understand how top angel investors think and what questions are most important to answer before you raise money, as well as how to communicate with investors in the best possible way.
Jason tells it like it is, isn't afraid of sharing his own mistakes, is candid and above all passionate about what he does and teaches. This book is both fun to read as well as extremely informative.
Many books can be "inspiring", but Angel isn't just that. Jason provides practical, realistic, actionable steps to actually get going on the path to that inspiring future.
Truly, this book has changed the direction of my life. Jason - thank you. Fantastic book, and I look forward to interacting with others who've been inspired by this book in the future.
Would you like to see more reviews about this item?
Most recent customer reviews
Really well explained and great read
Look for similar items by category
- Books > Business, Finance & Law > Careers > Entrepreneurship
- Books > Business, Finance & Law > Personal Finance > Budgeting
- Books > Business, Finance & Law > Personal Finance > Investing
- Books > Business, Finance & Law > Professional Finance > Venture Capital
- Books > Business, Finance & Law > Small Business & Entrepreneurship > Entrepreneurship