68 angel investments tracked 3 massive winners (10x+) 4 modest winners (2x+) 15 modest losers (recovered something between 0 and initial investment) 8 significant losers (recovered less than 10% of initial investment) 10 write-offs (literal zero) ~6 yet to have a liquidity event that I have decent to high hopes in ~22 yet to have a liquidity event that I have little to no hope in recovering anything from Overall it's been profitable especially due to a bit of luck (two of the massive winners were $50k investments, my normal investment size otherwise averaged $10k), but not like insanely profitable -- probably would have been better off just buying BTC every time instead of each investment. And it's been a massive nuisance to track, monitor, deal with teams, taxes, etc etc etc. Doing far less angel investing these days and much happier for it People think it's glamorous and exciting - it's what the rich people do! hedge funds do it! I wanna be like them! they make so much money! Reality is almost always far less sexy than it seems