Sublime

Then there was Sam’s equity stake in FTX, which was very real indeed. A large number of venture capitalists had paid $2.3 billion for a mere 6 percent of it. Sam had good reason to believe that he might now sell an even smaller piece for several billion more to an even bigger group. FTX underpinned his growing empire: a real business with booming r

You have thirty bullets to fire and this is not a charity; this is a war. You should meet with the best teams capable of building products with sweat equity (see chapter 7) and who have the most traction. Perhaps after you make a huge return, you can run an incubator for people with business plans, or a coding school for people who don’t know how t

In my study, I found Elad Gil to be one of the most successful angel investors. He has made investments in twenty-four billion-dollar companies—including Airbnb, Airtable, Brex, Coinbase, Gusto, Instacart, Opendoor, Pinterest, Stripe, Square, and Wish—most in the seed or series A stage. Before

Simply put, without Ivar Kreuger, modern securities regulation and litigation would not exist.

Both of his latest gambits were thriving, and his investment in Alibaba had become legendary.

Third is the advisor, a.k.a. the broke angel. They trade their skills, time, connections, and reputation in exchange for shares. Fourth is the angel investor. That’s you! Your entire life is not consumed by a single startup. Your job is to support founders when no one else will and steer them into the hands of professional investors.