November 30, 2021
Entrepreneurs understand the nuances of launching and running a company well, making them natural fits as angel investors.
At a recent virtual event, Elizabeth Yin, co-founder of Hustle Fund, and Immad Akhund, founder and CEO of Mercury, chatted about their experiences angel investing in hundreds of startups, including unicorns like Lyft, Airtable, and Clubouse—all while running their own companies. The conversation was moderated by Brian Nichols, Venture Partner at Hustle Fund.
Watch the event video and read through our key takeaways.
As a founder, you can empathize with other entrepreneurs. You understand that time is limited, whch forces you to ask precisely what value you're adding as an investor—often, it's not just money.
Plus, founders can come up with unique frameworks with which to assess other founders when investing in them. For example, Immad looks for grit and determination—and he only speaks to people whose ideas already excite him. Similarly, Elizabeth looks for an excellent idea first. She explains that even amazing founders have been waylaid by bad ideas.
Don’t have any other hobbies... just kidding. More seriously, make sure you have enough time to invest in both roles.
You'll need three key things: money, a strategy, and commitment.
If you have ideas on events you'd like to see us host or just want to say hello, send us a message to [email protected]. We always love to chat.