One of the things we’ve highlighted in prior analyses is that the glut of angels & micro-VCs may ultimately be a good thing for mid-sized and large VC firms who are essentially outsourcing risk to these early investors.
So it was good to see Andy Rachleff, a co-founder of Benchmark Capital, argue this in a new post about why angel investors don’t make money (except for these top angel investors). We’ve added this and another of Andy’s pieces along with a couple of others to our employee onboarding reading list in a section called “Understanding Venture Capital & Angel Investment”.
Those looking for a cheat sheet of sources to follow for VC, tech, M&A and emerging industry intelligence should check it out. Of course, if you have other recommendations of articles or sources, leave them in the comments or let me know.