What are some success stories in angel investing?

What are some success stories in angel investing?

There are many inspiring success stories in angel investing. One notable example is the early investment in Google by angel investor Ron Conway, who invested $250,000 in 1998. This investment turned into billions as Google grew to dominate the search engine market.

Can you tell me more about Ron Conway's investment?

Sure! Ron Conway is known as one of Silicon Valley's most successful angel investors. His investment in Google was made when the company was just a startup. Conway's belief in the potential of the internet and search technology paid off immensely, as Google went public in 2004 and has since become one of the most valuable companies in the world.

What other companies have had similar success?

Other notable companies include Facebook, where Peter Thiel invested $500,000 in 2004, and Airbnb, which received early funding from investors like Paul Graham. These investments also turned into multi-billion dollar successes.

What should I consider before becoming an angel investor?

Before becoming an angel investor, consider your risk tolerance, the industry you want to invest in, and the time you can commit to mentoring startups. It's also important to conduct thorough due diligence on potential investments.