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A Simple Economics Lesson for United Airlines
If Milton Friedman were alive today and active on social media, he might have “liked” the videos showing United Airlines (NYSE:UAL) forcibly removing a passenger from an overbooked flight. Don’t get...
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What’s the Best Stage for Angels to Invest?
Would-be angel investors often have many questions about getting into the world of investing in start-up companies. One of their most common questions is what stage in the development of start-ups –...
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Understanding the Online Platform Economy
One of the major changes in the economy over the past two decades has been the rise of online platforms that facilitate peer-to-peer transactions. Instead of paying the owner of a parking garage to...
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Why Art Business Incubators are Boosting Startups
A new kind of retail incubator has emerged in recent years, providing support for arts-oriented start-ups. One example is the Cleveland Flea, which helps turn Northeast Ohio artists into retail...
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Academic Angels Focus on Former Students
Increasingly, I have noticed that more and more entrepreneurship professors are making angel investments. That got me wondering: Do academics approach angel investing in a different way than...
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For Angels, Convertible Notes Beat SAFEs
Since accelerator Y Combinator introduced the SAFE, or structured agreement for future equity, in late 2013, they have become a popular instrument for pre-seed stage deals, particularly on the West...
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5 Reasons Angels May Have Small Portfolios
The typical angel investor has a portfolio of just seven companies, the American Angel Survey, an effort to gather information from nearly 1700 accredited investor angels, reveals. The 75th percentile...
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Are Accelerator Funds a Better Way for Angels to Invest?
I have been thinking a lot lately about the best way for angels interested in making pre-seed stage investments to put money into start-up companies. I’ve come to the conclusion that investing in...
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How Luck Affects Investing in Startups
Suppose you were given $1 million to invest equally across ten start-up companies and you were told that you would receive $100 million if all ten failed and lost your entire investment. Are you sure...
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Distributions of Outcomes and Angel Investing
As you can see from my columns, I have lately become very interested in the economics and psychology of making and losing money from high risk investments. This week I want to recount the story of a...
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