David Tisch shares insights from 350+ early-stage investments in companies like Plaid & Roman, importance of reputation, dealing with sharp-elbowed investors & more | Angel S5 E1

about this episode

Check out BoxGroup: https://boxgroup.com

FOLLOW David: https://twitter.com/davidtisch
FOLLOW Jason: https://linktr.ee/calacanis

Listen here:
Apple: https://podcasts.apple.com/us/podcast/this-week-in-startups-audio/id315114957
Spotify: https://open.spotify.com/show/6ULQ0ewYf5zmsDgBchlkr9
Overcast: https://overcast.fm/itunes315114957/this-week-in-startups-audio

Show notes:
0:00 Start
1:04 Jason intros BoxGroup’s David Tisch & they discuss being an angel investor post-Great Recession & starting Open Angel Forum
7:36 David on investing his own money until 2019 & why he decided to raise from LPs, investing in 350+ companies
10:45 Odoo – Get your first app free & $1000 off your first implementation pack at https://odoo.com/twist
12:18 Expectations in a 350+ company portfolio
16:36 Investing in Plaid: Why he invested, how he met the founder, where do they go from here
23:22 LinkedIn Jobs – Post your first job free at https://www.linkedin.com/angel
24:53 Big winners for BoxGroup so far, 10% of investments driving most of the returns, huge feedback loops in early-stage investing
31:01 Dealing with bad investors in the middle tier, importance of reputation
34:46 OurCrowd – Sign up for a free account at https://www.ourcrowd.com/twist
36:23 How David interacts with portfolio founders regarding advice & company-building, judging the experiment & founder instead of the company itself
41:51 Ownership concentration, taking pro-rata, dealing with sharp-elbowed investors
49:38 How Lee Fixel personifies the low-profile, incredibly reputable investor
52:34 How mentality changes when investing your own money vs. other people’s money, pattern recognition on founders, rarity of depth of talent
1:03:59 Thoughts on WeWork, media misalignment, anti-capitalism, big tech meaning well

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