The social subsidy of angel investing

In this article, Alex Danco picks apart one of the reasons Silicon Valley is a unique environment for early stage fundraising. It’s not financial returns that drive angels to want to write early checks at silly valuations, it’s the social status returns. For my own part, I’ve said before that the primary value I get from angel investing is not financial but rather social and intellectual – I get to meet and chat with incredible people! | learn more