Paul Graham blogged about what he sees in investing these days. The whole blog is highly interesting, but we saw this paragraph and wanted to highlight it.
What about angels? I think there is a lot of opportunity there. It used to suck to be an angel investor. You couldn’t get access to the best deals, unless you got lucky like Andy Bechtolsheim, and when you did invest in a startup, VCs might try to strip you of your stock when they arrived later. Now an angel can go to something like Demo Day or AngelList and have access to the same deals VCs do. And the days when VCs could wash angels out of the cap table are long gone.
Now is the time to become a member of HPA if you were ever on the fence about it. The midwest is seeing some great innovation. HPA provides a great network to analyze and invest in it.