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Lenny Rachitsky
@lennysan
Summary of advice for finding your first few angel deals: 1. Invest in your friends and former colleagues. Make it known you want to back them early and often. 2. Pair up with a few people who are actively investing and share everything you see. *Read on*
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Lenny Rachitsky
@lennysan
If you're an active angel investor, a question: how did you find your first 3-5 deals, and what advice would you give new angel investors looking to find their first few deals?
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Lenny Rachitsky
@lennysan
Replying to
@lennysan
More advice: 1. Become the kind of person that’s valuable to founders. Develop deep expertise at something that founders need (e.g. growth, design, marketing, hiring, fundraising, etc.). Then share your knowledge so that people can find you and clearly see your value.
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Lenny Rachitsky
@lennysan
For example, do some advising, share high-quality wisdom on Twitter, LinkedIn, newsletters, podcasts, books, etc. Also, try to make friends with VC funds that may need your expertise (e.g. health care) and they'll want to bring you into deals.
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Lenny Rachitsky
@lennysan
2. Write small checks (e.g. <$5k). Especially early on (because you don’t know what you’re doing and it’s an expensive hobby). Also, founders prefer smaller checks these days. 3. Be super easy to deal with. Move fast. Good luck!
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