Workday

A $10M venture portfolio that would've been richer in the S&P 500

Andrew's blunt take on angel investing: despite a couple of nice returns including a sale to Workday, his roughly $10M venture portfolio would have made him richer, safer, and more liquid had he just put the money in the S&P 500 or Apple. Angel investing is not a good way to make money.

“I probably have a $10 million venture portfolio or something. And if I'd just taken that same money and put it in the S&P 500 or Apple stock or anything else, I would be way richer and it would be way safer. I'd have a more liquid net worth. It would be cash in the bank, right? Like, so I don't think that angel investing is a good way to make money.”