What are the best practices for angel investors?
Angel investors should conduct thorough due diligence, diversify their investments, and build strong relationships with entrepreneurs.
Can you explain due diligence in more detail?
Due diligence involves researching the startup's business model, market potential, financials, and the founding team to assess risks.
How can I effectively diversify my investments?
Consider investing in different industries, stages of startups, and geographical locations to spread risk and increase potential returns.
What are some common mistakes to avoid?
Common mistakes include investing without proper research, not understanding the market, and failing to support the startup post-investment.
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