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Angel investors often experience a boom-bust-boom cycle
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Angel investor lifecycle: 1. Invest $25k in random friend's company 2. Friend's corp random sells in 1 year, make $500k 3. Think you're a genius 4. Throw $5M at 20 random companies 5. None sell, illiquid nightmare 6. 20 yrs pass, feel like an idiot 7. It all hits, repeat
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