Sublime

The life of an angel is all about managing a deal funnel, which includes three distinct steps: sourcing deals, evaluating deals, and, finally, picking which founders you’re going to fund.

Why now? This question has been floating around the Valley for a while, and the first time I heard it was from my friend, Sequoia Capital’s Roelof Botha—the venture capitalist who convinced me to become a “Scout” for their firm, which led to my two greatest investments to date: Uber and Thumbtack. If you unpack this question, you’re really asking,

As an angel investor you will do the same thing, but you must be even more ruthless than the Ivy-est of the Ivies. For every investment I make this year, there had better be 40 serious, passionate entrepreneurs sitting on my doorstep, of whom I will only invest in one. That means I need to be three times pickier than Yale, Harvard, and Stanford

If you wanted to make an investment you could be one of its Associates or Young Leaders.