Some aspects of angel investing are simpler than others.
Stacking the odds in your favor is one of those things that qualifies as being fairly straightforward. It’s in your best interest to place yourself in a situation that’s conducive to your success. If you’re not in the aforesaid situation, just reposition yourself. The point is that you need to be able to access opportunities. This concept is called deal flow and it’s vital to angel investors.
The problem is that many people believe they’re able to procure a bountiful deal flow, but most of them are simply incorrect. At the top, ex-Google employees and founders of companies like LinkedIn and Flickr, are all constantly throwing their hats in the startup ring. Luckily for most angel investors, they won’t be going head-to-head with these juggernauts.
Deal flow is a good tool to have, but it will take more than that to be successful. Read the full article for more on the topic.