My friend Josh Maher asked if I would take part on his book on Angel investing.
Seeing that it’s been over 20 years since I made my first angel investment in Prop-Innovative-Concepts (which means I am getting really old), I thought it would be a great idea. I have posted the 45 minute interview below (minutes 21-23 were a $GOOG hangout snafu).
After graduating from Thunderbird (Arizona) in 1991, I turned down a ‘Purchasing’ job at Intel, in Santa Clara, that would have paid $60,000. At the time, PC’s were machines used by someone I paid to write my graduate school papers.
I turned down the job and obviously my life path was changed. I became a stock broker. My first angel investment came 6 months later and it started with a cold call. It was 1992. There was no usable internet for the masses. Actually, last night Marc Andreesen wrote that he began working on Netscape in March 1994. I probably should have stayed at Intel and caught the ‘Intel Inside’ boom of the 90’s.
The one thing that has not changed since my first angel investment in Pro-Innovative is the ‘Purity of Angel Investing‘that Fred describes.
Lately I have been a ‘Micro VC’ and I think Jeff Clavier does a great job of describing what that is really like.
I hope you enjoy the interview: