How to Invest Like a Millionaire & Become One (Angel Investing Guide) | My First Million Podcast

About this video

Shaan Puri discusses his angel investing framework, explaining how he evaluates founders based on their clarity of thought, execution ability, grasp of reality, and track record. He emphasizes that angel investors need portfolio companies capable of reaching $100M+ in annual revenue to justify the high risk and illiquidity, using Lambda School as a case study of how he assesses scalability potential.

Key takeaways

• Shaan evaluates founders by assessing whether they demonstrate deep knowledge of their domain, can thoughtfully address pushback on their ideas, and show a track record of success in unfamiliar spaces
• Shaan prioritizes founders who are fully committed executors rather than part-time operators or public personalities, and those who realistically understand the main risks and challenges of their business
• Angel portfolio returns depend on 2-3 breakout winners; Shaan targets companies that can reach $100M+ annual revenue to offset the high risk and 7-10 year illiquidity of startup investments, aiming for 4-5x returns over seven years

Episode details: published June 19, 2020 · 1.1K views · 7:36 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.

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