How angels invest

Written in: December 2019 Notes

Last updated on: December 14, 2019

Topics: Crypto | Investing

Large pool is essential for angel investing
  • You need +50 investments and angel investing returns ~30% IRR
  • Most of the value created is from a small number of investments that return 10-100x or more.
  • Returns get better if you can increase positions up to 100-150
  • Maybe same strategy can be applied to a crypto portfolio?
  • ~1900 tokens live right now
  • Most are likely scams or not “investible”
  • 164 tokens on Binance -> rough estimate of 300 “investible” tokens
  • 100 token portfolio would be 1/3 of “investible” tokens