Angels are where it’s at #substack #shorts

there's very, very few that are investing early. However, for the first time, angels have actually gone above the amount of capital deployed to early-stage companies than VCs. So we're— so angels are where it's at for that early-stage experience. The other thing I would say is like, I think people go into this not prepared for the race. I think that's the biggest mistake I see founders making. It's like you have to be so prepared for this raise with your deck, your data room, all of your, your valuation, all of these things in mind. I think sometimes when you're early, founders will be willing to give up a lot more equity because they want to just get this off the ground. But you have to be thinking 5, 10 years down the road and be really stingy, frankly, with your equity in the early days as you're building.