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Comment by bix6 | Hacker News Reader

I like this in general but I think it’s sad the friends and family who helped you don’t get any financial upside.

I also take issue with calling this angel investing:

> I angel invest primarily through my scouting relationship with the VC firm Andreesson Horowitz. They give me a budget for investing in each fund and I get a fraction of the carry.

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Full agree. This is... just being a VC. If it's not your own money and you're aligning with someone else's thesis, you're just a vc with crappier terms

Well, sounds like a VC but without a good bit of the stress and hassle. Like you wouldnt have to gin up money from LPs

That’s what angel investing is.

Instead with this strategy you get a whopping 5% of profits and Andreessen gets 95% for your efforts / network.

What? The scout doesn’t risk capital, of course they get only limited return.

Yeah as mvkel said it’s just being a VC with shittier terms.

Why not just be an actual angel? Presumably the author has the capital for it now. And if they’re confident enough to risk someone else’s capital why not risk their own?

Yeh this is more like being a salesman selling funding contracts for a VC firm to startups, a weird dynamic.

Its the same as "bird dogging" or wholesaling in real estate or really any series of other middlemen or wholesale business who do the hard work of finding the deal but don't necessarily have the cash or want to run the business end to end.

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