Originally Posted by HgaleK
There's a good chance they'll lose your cash too...
I'd be really interested to hear about successful
angel investments. I'm aware of some pretty small-scale ones (friend puts up some money to buy a small business, eventually sees some return), but nothing that would even hit the radar of a VC fund.
Every time I see 'angels' on a company's cap table, they've been completely crammed down by the subsequent VCs to just token participation and hope to get something back.
Thinking a bit more about it, Facebook may have had some early angels, but I'm not really sure.