But like any other role I've had, I spent the first 90 days learning as much as I could. I read Angel Investing: The Gust Guide to Making Money and Having Fun Investing in Startups and What Every Angel Investor Wants You to Know. I sat in on as many meetings as possible with members and founders. Over the last year, I connected with more than 100 angel investors and founders, and I learned how significantly different angel investing is from other early-stage investments.
Most angels are looking for startups with exit potential, not just a stake in a high-profit, high-revenue business. Consequently, angels will tell you if you will be more successful as a lifestyle business vs. one working towards an exit. Also, founders often start their businesses because they don't want to answer to someone else. Angels will be the first to say that if you don't want to answer to someone else, don't fundraise (since you will be answering to them as shareholders).
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