Just Say NO To Angel Investing
By reinvestor on April 24, 2017
After 10 years, my $60,000 investment in a private gin company finally paid dividends. Initially, given the company was sold for about $49M after expenses and I had invested in the company at a $10M post money valuation, I was thinking I had made a ~3X return ($180,000). Since over time shareholders get diluted with subsequent funding rounds, I thought that was a reasonable assumption.
Well it turns out I didn’t even get a 1X return! Instead, here’s what I got:
100% Secure
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