Is It Angel Investing or For-Profit Philanthropy?

On Friday, I did a podcast with David Cohen and Kimbal Musk on angel investing.  David and I have done a few angel investments together (Solidware Technologies and ClickCaster), I’ve got a long history of angel investing (over 50 since 1994), and I’m an investor in Kimbal’s new company Me.dium (part of my “dynamics of information” theme.)  Plus – we did the podcast at The Kitchen – my favorite restaurant in Boulder – which happens to be owned by Kimbal and was previously the location of some of my “for-profit philanthropy” in the form of a previously failed restaurant called Triana (once hot – now not.)  So – there was plenty of “angel karma” in the room as we talked.

David’s show notes do a good job of summarizing the podcast, as does Scott Converse’s post Is Angel Investing good? (Scott is the CEO of ClickCaster.)  My favorite line is that some angel investment is like “for-profit philanthropy.”  Fortunately – a number of the angel investments that I’ve done – including several with my good friend Will Herman – have been successful – making all the for-profit philanthropy ones nice tax writeoffs.

If you are an entrepreneur looking to raise angel money, or an angel investor, or someone considering being an angel investor, I recommend a listen to the podcast.

  • Hi Brad

    That’s great, thanks. It’s one thing to read angel/VC blogs and get a sense of who the people are, but it’s much more informative to hear them speak. Apart from other benefits, I bet spending a couple of hours being involved in making the podcast will save you at least that much time reading emails that you’d have otherwise received. It’s also very refreshing and informative to hear people unafraid to say fuck/shit – good for you. I bet that cuts down on traffic nicely too. Here’s to fine-grained early filters.

    Regards from Barcelona at 4am.


  • OK. So, I think angel investors ROCK, including you two – David & Brad. I totally concur with the concept that capital matters, but value-add means more. My angel investors (including you 2) roll up their sleeves and help. This is much more important to the business than the $s (although we need these too).

    One thing I didn’t hear in the podcast that I think is absolutely relevant is the background of the entrepreneur. If you’re a serial entrepreneur (make that a successful, serial entrepreneur) – life is good. For those of us who fall into the mere mortal category, it’s tougher. We

  • One thing I didn't hear in the podcast that I think is absolutely relevant is the background of the entrepreneur.