There’s No Minimum Angel Check Size

I remember one time I had this guy call me up, wanted to pitch me, right? Wanted to sell me stock. So I let him. I got every fuckin’ rebuttal outta this guy, kept him on the phone for an hour and a half. Towards the end I started askin’ him buying questions, like what’s the firm minimum? That’s a buying question, right there. That guy’s gotta take me down. It’s not like I asked him, what’s your 800 number? That’s a fuckoff question. I was givin’ him a run and he blew it. Okay? To a question like what is the firm minimum, the answer is zero. You don’t like the idea, don’t pick up a single share. But this putz is tellin’ me you know, uhh, 100 shares? Wrong answer! No! You have to be closing all the time. Boiler Room We’re not in the boiler room anymore, but angel has changed a lot in the last decade. Recently one of my portfolio founders was talking to me about fundraising and said a VC frowned on his $1k minimum check size in the round, said that he needed to up that to $25k or $50k…