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Here’s everything we know about startups. And investing. And hippocorns.

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Articles

Explore how AI impacts venture capital decisions and what investors need to know in 2025 for smarter investments.
Product demos can make or break your fundraising pitch. Angels want to see that you can actually build, not just theorize. Learn how to structure an effective demo that proves technical capability, shows user value, and addresses investor questions before they're even asked.
Overvalued startups plagued 2024. Angel investors need to recognize warning signs like inflated valuations from 2020-2021, weak fundamentals, and unsustainable burn rates. Learn how to identify red flags before writing your next check and avoid common valuation traps.
Traction isn't just about revenue. Early-stage founders can attract angel investors by demonstrating execution ability through experiments, user engagement, and creative go-to-market strategies. Learn what angels actually care about when evaluating customer traction and how to present it effectively, even with minimal numbers.
Negotiating investment terms with founders requires finesse. Push too hard and you destroy trust. Accept everything and you get unfavorable economics. Learn how to negotiate pro-rata rights, valuations, and timing without burning bridges, because angel investing is fundamentally a relationship business played over decades.
Talking to one investor at a time is how fundraises die. But juggling 50+ conversations while running your actual business? That's the hard part. At Hustle Fund, we've seen founders double their valuations in under a week by mastering momentum. Here's the playbook that actually works.
Great investors don't see better deals. They see more deals, consistently, before everyone else. Building high-quality deal flow is the most important skill in investing, and it's completely teachable. Here's how to stop relying on cold inbound and start building a proprietary deal flow engine.
Investors say they want traction, but what does that actually mean at pre-seed? At Hustle Fund, we've backed companies with zero revenue and companies growing 6x in nine months. The difference isn't the numbers. It's how founders talk about what those numbers prove. Here's what works.
Discover why fintech angel investing offers massive opportunities in 2025. Learn how to evaluate startups, spot red flags, and capitalize on the fintech market. Expert tips for smart investors.
Getting rejected by investors feels personal, but it rarely is. Most "no" answers are just "not right now." The founders who turn rejections into future investments master one skill: staying visible without being annoying. Here's how to handle rejection and keep the door open.
Evaluating startups in unfamiliar industries requires focusing on universal fundamentals over domain expertise. Strong teams with demonstrated execution ability and early customer validation can signal investment potential even when you don't understand the technical details.
Startup valuation isn't about calculating what your company is "worth." It's about supply and demand. Understanding how investor appetite, market timing, and your company's metrics interact determines whether you raise at $2M or $10M. Here's what actually moves the needle when pricing your round.
Mario Gabriele built The Generalist newsletter into one of tech's most influential voices, then launched Generalist Capital to back early-stage startups. His investment approach focuses on infrastructure companies, narrative-driven founders, and leveraging information advantages from deep research. Here's what angel investors can learn from studying his portfolio and strategy.
Government startup support programs worldwide create opportunities for angel investors, but navigating incentives requires understanding regional differences in grants, tax benefits, and capital controls. Smart angels identify startups leveraging these programs to reduce burn rates and extend runways while avoiding markets where policy restricts capital flow.
Gokul Rajaram built Google AdSense from zero to $1 billion and scaled Facebook's ads from $750 million to $6.5 billion. Now, with over 300 angel investments including Figma, Airtable, and Coinbase, his approach reveals how product thinking and deep operational expertise create the best early-stage investments.
Getting money back from a venture fund takes longer than you think and happens in ways you don't expect. Fund distributions are the actual moment when paper gains become real cash – but the timing and mechanics surprise most first-time LPs. Here's how it actually works.
There's a whole category of investors funding the VC industry that most founders never see. Fund of funds invest in other funds, not startups directly. They're crucial for emerging managers but controversial for their fees. Understanding how they work reveals a lot about how venture capital really operates.
The best venture firms get their best deals from founder referrals. This isn't a secret. It's how the entire ecosystem works. Founders talk to each other constantly, share notes on investors, and send deals to the people who actually help. If you're not on the champion list, your deal flow will always be mediocre.
Financial projections at the pre-seed stage aren't about accuracy. They're about showing you understand your business model and unit economics. Learn what angels actually want to see in your financials, which numbers matter most, and how to present projections that build confidence.
Equity crowdfunding is raising billions, but most campaigns fail. Before you launch on Wefunder or Republic, understand the real success rates, hidden costs, and why crowdfunding might torpedo your chances with traditional VCs. Here's what actually works.
Former founders make some of the best angel investors, but the transition isn't automatic. You'll face new challenges around deal flow, portfolio construction, and letting go of operational control. Learn what actually works when moving from operator to investor and avoid common mistakes founders make.
Breaking into angel investing doesn't require millions or Silicon Valley connections. Tech employees can start building investment portfolios with smaller checks while working full-time, creating track records that open doors to larger opportunities and potentially full-time VC roles.
Elad Gil has invested in over 40 unicorns including Airbnb, Stripe, Coinbase, and Pinterest. His success comes from a focused strategy: bet on exceptional founders in huge markets at the right inflection points. Here's what studying Elad Gil investments teaches us about when to invest and who to back.
Engineering founders bring technical credibility and pattern recognition to angel investing that transforms due diligence. Their ability to evaluate architectural decisions, assess technical teams, and spot implementation risks early provides advantages that generalist investors simply can't match, particularly in infrastructure, developer tools, and deep tech investments.
ESG isn't just corporate buzzwords anymore. Angel investors in 2025 face real questions about environmental impact, social responsibility, and governance practices. Understanding how to evaluate ESG risks, what red flags matter, and when impact aligns with returns helps you invest in companies building sustainable businesses.
Angel investors will ask for incorporation docs, cap tables, and vesting agreements before wiring money. But what they really care about is how you organize your Dropbox. Your data room shows how you run your company. Here's exactly what to prepare and why it actually matters.
Drew Houston built Dropbox from a personal frustration into one of the world's leading collaboration platforms. His angel investments reveal a clear focus on cloud infrastructure, developer tools, and products that solve real workflow problems. Here's what studying Drew Houston investments teaches us about backing companies that become essential infrastructure.
Due diligence isn't about checking every box on a 50-point list. Most of those documents don't matter at the early stage. What matters is understanding the founders, validating the market, and spotting red flags in how they think. Here's what we actually look at when investing.
Building equitable innovation ecosystems requires investors with varied life perspectives to identify overlooked opportunities. Geographic diversity, founder backgrounds, and access to networks determine which "good ideas" get funded. Angels who understand structural barriers and actively work to expand their networks find arbitrage opportunities others miss completely.
Master distributed angel investing with our comprehensive guide. Learn remote due diligence, virtual pitch evaluation, and cross-border investment strategies to build a truly global portfolio.
Crowdfunding is reshaping the fundraising landscape for startups, allowing entrepreneurs to tap into a wider pool of investors. Let’s dive into how this model stacks up against traditional venture capital, and why you should care.
Former CTOs combine deep technical knowledge with systems thinking to evaluate startups' architectural decisions, technical teams, and execution risks. Their experience scaling infrastructure and building engineering organizations gives them unique insight into which technical bets will pay off and which founders can actually ship complex products.
Daniel Ek isn't just the Spotify founder. His investment firm Prima Materia backs deep tech, healthcare AI, and climate infrastructure with €1 billion. Unlike most VCs chasing trends, Ek invests in hard problems that create dependency moats. His 100-year approach offers crucial lessons for early-stage investors about patience and conviction.
Company culture directly impacts startup survival and growth. Angels who assess team dynamics, founder relationships, and workplace morale alongside traditional metrics spot red flags early and back companies more likely to weather the inevitable challenges of building startups.
Cyan Banister's track record at Founders Fund includes Uber, SpaceX, and Affirm. But her real edge? Backing founders others overlook and having conviction in contrarian ideas. This breakdown reveals what early-stage investors can learn from her anti-consensus approach to finding and supporting breakout companies.
As startups emerge globally, cross-border angel investing has become an effective strategy for diversifying portfolios and accessing high-growth opportunities, especially in emerging markets. This form of investing enables angels to fund international startups, but it also comes with complexities that require thoughtful navigation.
Master convertible notes investing with our comprehensive guide covering valuation caps, discount rates, conversion mechanics, and negotiation strategies for angel investors.
Most angel investors think they're different. They're not. With thousands of angels flooding the market, actual differentiation is rare and hard-won. Here's what separates investors who get into hot deals from those who chase them, and why your LinkedIn bio isn't the answer.