"Angels confuse founder quality with product quality and often fund the wrong thing.
A strong founder who is personally closing customers, personally managing relationships, and personally rescuing churn is demonstrating something real. Their ability to sell, their commitment to the company and their capacity to hold things together in early chaos. These are not small things as they matter for survival.
But survival is not the same as scalability. And angel returns do not come from survival."
A strong founder who is personally closing customers, personally managing relationships, and personally rescuing churn is demonstrating something real. Their ability to sell, their commitment to the company and their capacity to hold things together in early chaos. These are not small things as they matter for survival.
But survival is not the same as scalability. And angel returns do not come from survival."