Angel Investing by the Numbers: Valuation, Capitalization and Startup Economics

In the sport of Major League Baseball, the greatest hitters are those who get a hit just one out of every three times at bat and a home run 5 or 6 times out of 100 at bats. In the world of startup company investing, the best-known investors are those who invest in the tiny percentage of companies that make it big. Think Facebook, Google or Amazon. Should a typical angel investor apply the “swing for the fences” approach to their personal investing?