Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000
Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000 book cover

Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000

Price
$18.20
Format
Hardcover
Pages
288
Publisher
Harper Business
Publication Date
ISBN-13
978-0062560704
Dimensions
6 x 0.97 x 9 inches
Weight
1.05 pounds

Description

“there is something refreshing and clarifying about Mr. Calacanis’s frankness regarding his tech-fueled riches.” — Farhad Manjoo, The New York Times “It’s easy to snigger at the swagger, but Calacanis has reason to preen. He hasn’t merely survived the bust; he’s thrived in it. The qualities that made him annoying to his New York colleagues during the boom—his abrasive demeanor, his hucksterism, his incessant networking—serve him well in the postbubble economy.” — Wired “And that’s the thing about Calacanis. Only a sucker would bet against him.” — Fast Company “The sort of person who is frequently described as a character out of a movie.” — The New Yorker “Sequoia Capital has funneled millions of dollars to scores of well-connected entrepreneurs, academics, and other people known as scouts. . . .Mr. Calacanis was one of the earliest scouts and ran an online news startup called Inside.com, in which Sequoia had invested.” — The Wall Street Journal “Jason would never stab you in the back. He might stab you in the face, though.” — Douglas Rushkoff “Arguably the world’s greatest angel investor.” — The Twenty Minute VC Please read this if you want to be rich. You just picked up this book and you’re wondering if spending a few bucks on these 288 pages could change your life and make you rich beyond your wildest dreams. I’m the author, Jason, and I was born in Brooklyn to a bartender and a nurse, and I now live in a big house with a bunch of Teslas in the driveway and an ATM balance receipt that makes me smile from ear to ear every time I see it. In this book, I explain how I did it, without having an MBA or a rich dad, but simply by hustling my way into early-stage tech startups in Silicon Valley. No one thought I would ever make it in this business, and many folks actively tried to stop me, but I’ve now gotten lucky eight times and taken home tens of millions of dollars, and I’m only forty-six years old. I’ve done so well that my plan is to quit the game in the next couple of years, so this playbook is my gift to you. Yep, you :xa0 the mom in the bookstore with screaming kids, the sales executive in the airport exhausted from layovers, or the kid graduating from college wondering, “What now?” I hope you will have the audacity to buy this book, read it every year for the next five, make fifty outrageous bets in tech startups, and hit one that goes one hundred or five hundred or even five thousand times your initial investment. Some of you will put this book down and go back to your predictable lives in the matrix. But I’m guessing more than a few of you will read this book jacket and say, “F— it, I’m going to take my shot!” I’m ready. Are you? Let’s get to work. Jason Calacanis is a technology entrepreneur, angel investor, and the host of the popular weekly podcast This Week in Startups . The founder of a series of conferences that bring entrepreneurs together with potential investors, he was a “scout” for top-tier Silicon Valley venture capital firm Sequoia Capital and frequently appears in the media. He lives in San Francisco, California. Read more

Features & Highlights

  • One of Silicon Valley’s most successful angel investors shares his rules for investing in startups.
  • There are two ways to make money in startups: create something valuable—or invest in the people that are creating valuable things.
  • Over the past twenty-five years, Jason Calacanis has made a fortune investing in creators, spotting and helping build and fund a number of successful technology startups—investments that have earned him tens of millions of dollars. Now, in this enlightening guide that is sure to become the bible for twenty-first century investors, Calacanis takes potential angels step-by-step through his proven method of creating massive wealth: startups.
  • As Calacanis makes clear, you can get rich—even if you came from humble beginnings (his dad was a bartender, his mom a nurse), didn’t go to the right schools, and weren’t a top student. The trick is learning how angel investors think. Calacanis takes you inside the minds of these successful moneymen, helping you understand how they prioritize and make the decisions that have resulted in phenomenal profits. He guides you step by step through the process, revealing how leading investors evaluate new ventures, calculating the risks and rewards, and explains how the best startups leverage relationships with angel investors for the best results.
  • Whether you’re an aspiring investor or a budding entrepreneur,
  • Angel
  • will inspire and educate you on all the ins of outs. Buckle up for a wild ride into the world of angel investing!

Customer Reviews

Rating Breakdown

★★★★★
60%
(835)
★★★★
25%
(348)
★★★
15%
(209)
★★
7%
(97)
-7%
(-97)

Most Helpful Reviews

✓ Verified Purchase

This Man Is An Angel

To those who are unfamiliar with the topic, angels play a very important role. They are intermediaries between the heavens and the mortal world, spreading divine light to mankind. In the parlance of modern times, this means allocating capital to startup businesses.

Long ago in the Biblical era, angels could only be assessed qualitatively, through a (highly fallible) oral tradition of their deeds. Today, however, we are able to quantitatively assess the value of angels -- by looking at their rate of return on capital. And, as subtly pointed out on the book jacket, Jason Calacanis turned $100k into $100m. A truly celestial 99,900% return. If Thomas Aquinas were alive today, he almost certainly would have tweeted "omg".

Jason's path to the heavens began in the most holy of modern cities: New York. A disciple of Silicon Alley, he spent his early years humbly photocopying the scriptures of the dotcom boom (which all concluded with the communal refrain "let us buy"). In the early 2000's, he significantly elevated his station among mortals, by starting a weblog business. It sold in 2005, to the revered institution Time Warner AOL, for $25m. It is believed that this is how Jason got his initial $100k. (Which makes sense, after you account for liquidation preference, debt outstanding, and banker fees.)

A successful string of early stage investments followed -- which naturally caught the eye of The Vatican. When Tumblr was acquired by Yahoo in June 2013, the church was prompted to make a decision. Pope Francis called for an ad hoc council, and all bishops were unanimous: Jason Calacanis was declared an angel.

Much of Jason's time since then has been dutifully devoted to recording podcasts. When I hear the dulcet tones of his Brooklyn accent, methinks Jove himself is speaking aloud from the heavens!

And now, all be praised, Jason has offered us "Angel: the book!", a rich, 288 page tome recounting his ascent upward above the mortal world. Some skeptics reviewing the book have claimed that his strategies are less angelic, and more GP-ic. But that is besides the point. That a man like Jason could end up ultra wealthy ("Teslas lining the driveway"!) is proof enough for me that a benevolent god presides over this world.

In closing, this book is an instant landmark in the canon of Western theology. If you go without reading it, you are forfeiting a channel of divine light. Plus, by purchasing a copy of "Angel", you give Jason more money, thereby assuring his seat in the heavens is lofty and secure. 5/5 stars.
13 people found this helpful
✓ Verified Purchase

Not sure if it's a book or infomercial

I'm only about half way through right now but I was expecting a very different book. There are insights to be gleaned but it reads like a get rich quick guide without the "quick" part. That detracts from the legitimacy of a lot of Jason's knowledge and lowers the value of the book as a whole for me. That said, it is written in his style of quick-and-to-the-point and is a fast read.
7 people found this helpful
✓ Verified Purchase

Nonsense

Obvious information and old news that is readily available by google search
5 people found this helpful
✓ Verified Purchase

Useful, practical advice

To be honest, I was skeptical about buying a relatively new angel investing book with solid 5 stars that had SO many more reviews than other angel investing books. I figured that Jason must have found some way to beat the Amazon review system just like he beat the startup investing system. I decided to buy the book and I'm glad that I did. Jason gave great practical advice that I wasn't able to get from other angel investing books. He takes you step-by-step through the startup investing process and even includes detailed etiquette advice for meeting with founders. The real meat of the book for me starts with his practical advice for joining angel syndicates. Perhaps it is his energetic writing style that prompts people to come out and review the book? After finishing the book, I am now motivated to listen to Jason's podcasts where he interviews other startup investors, which has also been invaluable and highly recommended.
3 people found this helpful
✓ Verified Purchase

For someone like me to have been investing over past 30 years ...

After having read the book and listening to some of the author's podcasts, I can see we are in Angel Investing 2.0, where the pioneers (read: survivors) can recount their stories of how they rose to success and advise the next wave on how to go about it. I'm not against angel/VC investing, but the game has changed since those early days and I can't help but be a little cynical that I'll not only lose most of my money, but will be charged two and twenty to do so.

Having said that, I would say that it were not for this book (and associated author podcasts during the marketing blitz) I would not have become aware of this area of investing. For someone like me to have been investing over past 30 years in stocks, bonds, commodities, distressed debt, real estate private equity, somehow Angel investing slipped through the cracks for me.

Thus, I say thank you for bringing it to my attention.
3 people found this helpful
✓ Verified Purchase

Excellent Read

This book is both how to and autobiography. The reader not only gets a road map but a clear sense of the why based upon the author's very real experiences. What I found most enjoyable was how easily I could relate and apply these lessons to both my early stage investing as well as my roll as a startup CEO.
Jason - thanks for sharing and I look forward to sharing deal flow and opportunities in the future.
3 people found this helpful
✓ Verified Purchase

Excellent Read

This book is both how to and autobiography. The reader not only gets a road map but a clear sense of the why based upon the author's very real experiences. What I found most enjoyable was how easily I could relate and apply these lessons to both my early stage investing as well as my roll as a startup CEO.
Jason - thanks for sharing and I look forward to sharing deal flow and opportunities in the future.
3 people found this helpful
✓ Verified Purchase

Angel is Really a Guide for Founders to obtain Angel Funding

Although Jason wrote this as a way to entice people to become Angels. I read it as a Founder looking for insights on how to gain Angel funding. The knowledge and value given by Jason is going to be invaluable to Founders like myself. If you are looking to raise Angel funding, Jason provides the template of how to gain the best Angel funding possible. Great job as usual by Jason. Great first name by the way.
3 people found this helpful
✓ Verified Purchase

don't waste your time reading

Not an Accredited investor, don't waste your time reading.
2 people found this helpful
✓ Verified Purchase

Insightful, honest and inspiring.

This book is a great insight into the fundamentals of early stage funding. It is important not only for those looking to invest in startups but is equally as valuable for founders to understand the motivations of investors and likely questions to be asked.
What I found particularly useful were the strategies in:
(1) how to go beyond the initial responses from founders and really probe into the business; and
(2) how to methodically grow your network and deal flow.
The concepts outlined can be applied beyond angel investing into other professional practices.
It is an honest account of the risks involved but also how to mitigate them and the importance of take advantage of the breakout opportunities.
As outlined by Jason, angel investing is not a get rich quick scheme, but one that requires a professional approach over a 10 year period. As he says "Do the work".
It starts with reading this book.
2 people found this helpful