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Why I Stopped Angel Investing (And You Should Never Start)

observer.com
28 pointshalcyondaze5 comments
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Having lived through my share of bubbles, it always surprises me that people think they can predict the future. The phrase I hear is, "That could NEVER happen again." And then it does. I agree with thelynchmob1's comment, too. Many younger people are seeing startups as an antidote to corporate life, but they don't have the experience that working for a larger company can give you first.

Not even working for a larger company, but working for any company -- including and especially other startups -- would give people invaluable experience that they could then go and use later down the line.

Absolutely.

Really good piece. Although it still seems like a bubble to me, but I understand his point about an anti-bubble of talent. There seems to be a "me too" aspect to this, where it's not just that doing a startup has become cool, but other routes for young people -- more studying, or getting a job -- are actively becoming uncool and unattractive, and carry a certain stigma.

Really eye opening, but I'm a bit annoyed that I'm going to have to re-think some of my goals now. ;)

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