Recently I saw my friend, who is a business angel, working on his further equity investments. He viewed a number of website in search for some companies trying to raise funds and evaluated approx 20-30 different companies a day. Such evaluation (pre due diligence as he calls it) means he has to read about the particular company business model, go through the company website, find some information about the CEOs and the company owners and sometimes exchange few emails with Board. And still, out of each 20 business opportunities he takes an effort to thoroughly analyse only 1, which makes him visit 5 companies a week. So imagine – how work requiring business angel job is! He spends a lot of money on travels and due diligence processes done by his lawyers and still he has to earn enough to cover the risk, for investing in non public companies.
One thing is for sure – equity investments is much more complex business than running a tattoo shop
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