As a former Goldman Sachs investment banker turned entrepreneur, it seemed only natural that I would also take a stab at being a successful angel investor. After all, what do I know?
I love meeting entrepreneurs and learning from them, and a model in which entrepreneurs invest in other entrepreneurs can provide a leg up. I've come to believe that there are two factors that will likely have a huge impact on your ability to successfully invest: timing and access, or relationships. These may seem obvious, but I think a lot of people get enamored with other metrics and ways of judging an investment without realizing that these are probably among the biggest precursors to success.
As I transitioned away from Wall Street, I saw these success factors in action in a somewhat unexpected entrepreneurial market: I got in on the ground floor of the crowdfunding movement. I have participated as a crowdfunder on many of the bigger platforms and know countless entrepreneurs whose products/services have raised funds through these sites.
Since crowdfunding is relatively new, there isn't really a "rule book," but here are four interesting things I have learned while pursuing crowdfunding investments.