On 25/09/2010, at 2:52 AM, Kev wrote: > there are plenty of wealthy people who would like to invest both to > diversify their portfolio and to be a part of something exciting. > There are rich corporate, medical etc folk that have lots of money but > have less in the way of job satisfaction, etc. Many enjoy being part > of a high energy innovative start-up.
Speaking from experience as an employee (but not a founder) I would say that possibly the worst kind of money comes from someone who treats being an Angel investor as little more than a hobby to distract them from their day job. I'm not saying that someone who made their money outside of the tech area can't be a good investor, but I'd certainly be wary of getting involved with a project where the primary investor fundamentally does not understand the realities of software development and instead has some romantic notion that they're funding the next facebook. I think this ties in well with your point about "smart money" Kev? Cheers, Warren. -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://tr.im/ujKF No lurkers! It is expected that you introduce yourself: http://tr.im/ujMm To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
