Being an early stage startup founder and an active angel investor sends a negative signal to your team. Reinforces a class divide and perception of not being all in (yes it’s rational to diversify but irrational belief is what people follow and what stops them starting their own)
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All else being equal, I'd agree. But there are lots of other factors that affect whether a team wants to follow a leader -- factors (often emotional ones) that are more important IMO than whether the CEO works 80 hrs a week vs. 100 hrs a week w/ no hobbies.
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Obviously, people want to work for people not robots. The point is not all hobbies are equal in how they affect your ability to build and retain a team. Totally fine to decide you don't want to optimize your hobbies for the latter so long as you're aware they do have an effect.
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