“The key to making money in angel investing is saying no. You meet with 100 companies and say no to 99 of them”
— Kevin Rose
Simplified Meaning:
Making money through angel investing means you have to be very picky about where you put your money. Imagine you have 100 different businesses asking you for money to help them grow. Out of those 100, you need to turn down 99 and only invest in one. This is because most businesses won't turn out to be successful, so you need to carefully choose the one you believe will really take off. It's like if you were a talent scout looking for a new pop star. Most people you audition won't make the cut, but you need to find that one person who has the potential to be a big hit. By being very selective, you increase your chances of success since you're avoiding investments that might lose money. Saying no most of the time helps you save your money for that one big opportunity that could bring you a lot of profit. In simple terms, being cautious and making careful choices is key to succeeding in this type of investing.
