10x that number and you're on the right track (still hoping for a Dropbox).

Angels should be trying to do about 100 deals to break even. Seeds roughly 50-60 deals VC's 30 PEG 5-10

Angels who write 10k checks @ 100 deals JUST to break even extremely tough. Deal sourcing is so hard.

Anyone who thinks they can get by w/ < 100 as an Angel is largely fooling themselves. New VC's fall into this trap regularly. The pro's know the numbers and the pattern matching.

Fool's money is fool's money if you jumped too far w/o knowing what the pool is made of, so at least learn what the primary patterns are before you jump too deep.