You don't have tons of money by throwing it around, if you did it would be soon gone, so I would assume an Angel investor would have to be an expert in the field they invest in or they would find an expert
I would be very skeptical of marijuana investment as it has yet to be legalized and Trudeau promised to legalize it but I would never invest in a politicians promise.
Watch the Shark Tank and Dragons Den to see Angel Investors in action. They state 1 in 10 of their deals makes a profit so that profit has to recoop their loses of the other 9 deals. That is why they insist on so much percentage, so expect to part with a lot if you do find an Angel. And that 10% success rate is the better ideas that they decide to invest in. So, looking at those numbers means , everything being equal, you have less than 10% chance at success. That is why I would never be an Angel no matter how great the idea seems.
I would be very skeptical of marijuana investment as it has yet to be legalized and Trudeau promised to legalize it but I would never invest in a politicians promise.
Watch the Shark Tank and Dragons Den to see Angel Investors in action. They state 1 in 10 of their deals makes a profit so that profit has to recoop their loses of the other 9 deals. That is why they insist on so much percentage, so expect to part with a lot if you do find an Angel. And that 10% success rate is the better ideas that they decide to invest in. So, looking at those numbers means , everything being equal, you have less than 10% chance at success. That is why I would never be an Angel no matter how great the idea seems.
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