Like everything else, investing takes practice — lots of it. But, you don’t need as much money as you might think. If you’re going to start angel investing, here are some quick tips.
Elizabeth Yin, general partner and co-founder of Hustle Fund, took to the stage at Startupfest on Wednesday to explain how accelerators can differentiate themselves by specializing in a specific sector and stage, and marketing themselves online and through partnerships with coworking spaces.
Elizabeth set out to solve was on this idea of meritocracy and funding the best entrepreneurs no matter their background or pedigree. She shared, “There are a lot of VCs that would invest in pedigree to de-risk but that doesn’t always lower the risk. I think the best quality of a lot of entrepreneurs is speed of execution. I’ve seen so many pedigree teams that can’t execute quickly for a variety of reasons and on the flipside, there are teams with no pedigrees who can.”
WHY VCS FUNDAMENTALLY ASSESS FOUNDERS THE WRONG WAY, WHY VC NEEDS TO INNOVATE ON THE SCOUTING MODEL & WHY SAFE’S AND CONVERTIBLE NOTES ARE THE FUTURE OF INVESTING WITH ELIZABETH YIN, FOUNDER & GENERAL PARTNER @ HUSTLE FUND
Ex-500 Startups partners Elizabeth Yin and Eric Bahn want to focus on potential impact, not on whether or not founders have a degree from Stanford or some Ivy League school. Their goal with Hustle Fund, according to sources, is to level the playing the field for entrepreneurs in an industry where pedigree is not a good proxy for success. Hustle Fund ultimately wants to create a true meritocracy in the venture capital world.