I know someone who, at least over the last decade of so, says that he would have done far better just putting money in a NASDAQ index than doing angel investing.
Over the last decade, that squares out. In the 1990s and then after the 2K crash, funding companies was easier as there was less competition. Now anybody investing in any AI venture is going to be competing with a bazillion other people trying the same thing. There is less room for error or experimentation and it becomes far more of a luck game - and it was still largely a luck game then.
Over the last decade, that squares out. In the 1990s and then after the 2K crash, funding companies was easier as there was less competition. Now anybody investing in any AI venture is going to be competing with a bazillion other people trying the same thing. There is less room for error or experimentation and it becomes far more of a luck game - and it was still largely a luck game then.