Angel investing is high status b/c it implies wealth, special relationships, & judgement.
Plus the status to effort ratio is high.
People are willing to lose money for this status.
Of course, as more people do it, the less high status it becomes, & people search elsewhere...
Plus the status to effort ratio is high.
People are willing to lose money for this status.
Of course, as more people do it, the less high status it becomes, & people search elsewhere...
ditto rolling funds, SPACs, whatever's next, etc
high status externally among outsiders or SV tourists I mean
The good thing about this, relative of other status-chasing pursuits, is that angel investing is a relatively productive activity.
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