Sublime

It pays to invest early. The earlier you start investing, the more time you have to reap your memory dividends.

doubled the business coming off of the previous round’s valuation and capital resources; they expected more.

Returning to the math lesson, let's assume that we as angels want to target a 20 percent annualized return from our investments into 10 companies, and we know that statistically only 1 out of those 10 is going to be our portfolio-maker home run. This means that every individual company in our portfolio needs to be at least theoretically able to ret

If Microsoft stock pays a dividend, you are due a certain amount of that dividend — unless you happen to have bought into a leveraged or inverse ETF.

This means we need that last company to return 3x the value of our entire initial investment into all 10 companies. But since that company itself only received one tenth of our original investment, simple math tells us that in order to hit our target 25 percent IRR, that one, single company needs to return 30x ROI! And because we won't know in adva

cash flow. Over the last twenty years, Yale’s bond portfolio has returned about 5 percent annually. Cash—Yale has about a 2 percent allocation to cash.