"I would actually just go get operating experience in startups so that you can add value if you don't already have it. Angel investing in startups is really hard unless you have a unique perspective that the entrepreneur founder who's gonna take your check will benefit from." - Nat Turner
Takeaways
- Embrace Long Time Horizons in Angel Investing: Waiting 10-15 years for returns is common, so invest only what you can afford to lose over a long period.
- Scarcity drives value across various asset classes, from sports cards to startups. High demand and low supply are key.
- Gaining operational experience in startups can provide unique insights and value, enhancing the impact of angel investments.
- Collectibles, such as sports cards, offer both nostalgic value and investment opportunities, especially when they are rare or have historical significance.
- More venture funding and startups entering the space can legitimize and build infrastructure, aiding in price discovery and liquidity.
Bio
Before Collectors Holdings, Nat built and exited two companies - Flatiron Health, a technology company focused on the oncology industry, was acquired by Roche for $1.9 Billion in 2018. Invite Media, an advertising technology company based in NYC, was acquired by Google in 2010.
An active angel investor since 2010, Nat has invested in over 250 startups, including BarkBox, Cedar, Clover Health, Color Genomics, Oscar, and Plaid.
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