by Paige Craig | Jun 18, 2015 | Lessons for Investing |
Money is all around us. We can’t get away from it. Regardless of whether you like to spend any money that you have saved away, if you like to use it to buy crypto mining equipment like the kd box goldshell to increase your funds in the future, or if you want to invest this money into something worthwhile, such as stocks and shares, or retirement funds, these are all important aspects that must be taken into consideration when it comes to your personal finances. In recent years, many people have made the decision to make investments. This could be with their own personal money for their own benefit, (go to this site to learn more) or for the benefit of their company or one that they are working for. Once you have dived into the investing world, you can quickly become buried in a tornado of potential deals - the “Dealnado,” as I call it. The Dealnado is a swirling, twisting mass of co-investors, scammers, screaming founders, substandard deals, shiny objects and little baby unicorns buried somewhere inside the chaos. To sort through this mess you need a methodology to filter the gold from the dirt. This goes for any type of investment — whether in real estate, crypto, or startups. For example, hiring a reliable realtor that you’ve worked with before is a great way to ensure you’re only shown properties with the most potential. Or, taking advantage of resources like this Swyftx Review online review to ensure your first investment into Bitcoin is done on a trustworthy platform. But what about startups? How can you filter...
by Paige Craig | Jun 3, 2015 | Lessons for Investing |
Investing in seed stage startups can be exhilarating and highly lucrative, but it can also be incredibly risky and time consuming. Identifying the most promising new companies requires a lot of cutting through the weeds - I interact in one way or another with well over 2,000 entrepreneurs a year and take meetings with over 200 of them, all in the process of finding just the 15 I’ll invest in. The reality is startups need money for all kinds of things… most of these expenses are rarely considered by those involved until they actually have to pay for them. Would a novice really be aware of how much Verisure charge for a commercial alarm system? The likelihood of this is low. When I first began investing, I wasted a lot of time. Tracking down the most promising entrepreneurs was a crapshoot and I didn’t know where to start. But as I developed as an angel investor over the last 8 years however, and now in running Arena Ventures, I’ve recognized the pattern of where my investments come from…where I get the highest ROI on my time. There are 4 activities you can do as an investor to get to the good deals most quickly: hunting, trapping, farming, and trading. #1) Hunting Hunting is outbound work - hustling at events and parties, scouting for products online, reading and reaching out to people. You go anywhere you can to find great people. You don’t have a specific target in mind, you’re simply looking for unique, brilliant founders. When you first start investing this will probably be the majority of your time...
