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throwaway2948 commented on Ask HN: Is AngelList Legit?    · Posted by u/throwaway2948
itake · 2 years ago
I've invested in 1 startup via AngelList, because I personally knew the founder. In my particular case, it is legit. They have not raised any new rounds of funding nor have there been any liquidity events unfortunately.
throwaway2948 · 2 years ago
Thank you, this makes me feel a bit better.
throwaway2948 commented on Ask HN: Is AngelList Legit?    · Posted by u/throwaway2948
sixhobbits · 2 years ago
The platform itself is "legit" in the sense that it has real people well known in the tech community behind it. I personally would be very surprised if they are running a blatant scam in that they are lying about the SAFE investment.

However I wouldn't be at all surprised if the smallprint somewhere in a long chain of paperwork means that you will never get any financial return in your "investment". There are a few platforms and crowdfunding platforms that let retail investors put small amounts of money into startups and I have never heard of a single case, even from an anonymous netizen, of anyone getting money back from such a structure.

throwaway2948 · 2 years ago
Actually I've had "money back" twice from AngelList. Once a startup got acquired (for like 3-4x), another one shut down and distributed the remaining funds.

But I did not withdraw it and just reinvested to other startups, so in that sense I've never received money from them.

throwaway2948 commented on Ask HN: Is AngelList Legit?    · Posted by u/throwaway2948
Aeolun · 2 years ago
I mean, it’s been around for a while, and I haven’t heard negative things.

That doesn’t necessarily translate to trusting them with money though.

throwaway2948 · 2 years ago
Right, that's why I'm also working with the assumption they are legit. Just too high-profile not to be.

But what's to prevent a rogue syndicate from taking money without actually investing it forward...

throwaway2948 commented on Ask HN: Is AngelList Legit?    · Posted by u/throwaway2948
throwaway2948 · 2 years ago
I would try contacting the startup to confirm they have received investment via AngelList, but conveniently their terms forbid you from contacting startups directly.
throwaway2948 commented on Poll: How long could you survive without income?    · Posted by u/jacquesm
throwaway2948 · 11 years ago
In mid 30s, spending $35k / year, have about $400k saved (of which I made about 25% by hard work and 75% through dumb luck). Mostly saved in a rather randomly picked stock portfolio. I am making more than I spend ATM, but I guess if all income stopped, I could survive... ? Around 13 years?

Not sure if I'm doing this wrong: http://pastebin.com/H18JijjM

u/throwaway2948

KarmaCake day23March 19, 2014View Original