I tend to invest $10-$25k. There was one for $50k (which is a loser) and one for $40k (which returned a bit.)
The better investments tended to have smaller allocations for me. Hotter deals tended to go on to Series B.
I've spent maybe $800k on investments. The unrealized value of the portfolio is approximately $1.6m, most of which is in one company. Since the original investment was only $25k and my first actual investment, if I had just stopped there I would be doing way better.
I cannot conclude that I am actually any good at this.
That's actually quite good. You and Paul are both ahead of the game, and it seems to be the case that there are quite a few exits. It _seems_ like if you're in there long enough you eventually hit a Groupon, Facebook, Google, or happen to be in during a big boom. At worst you're out $1M.
Not bad odds, although I think you and Paul have opportunities that most of us would never see (and rightfully so).
You have to compare the numbers annualized (which is hard to do, since the data isn't in) and then compare that to contemporaneous treasury returns (and maybe the stock market i guess) to get a real sense if it's good or not.
The better opportunities tend to have higher valuations. Most things are at $3-4mm pre at the very least (and I tend to pass on lower-end stuff than that.) Divide it out :)
I tend to invest $10-$25k. There was one for $50k (which is a loser) and one for $40k (which returned a bit.)
The better investments tended to have smaller allocations for me. Hotter deals tended to go on to Series B.
I've spent maybe $800k on investments. The unrealized value of the portfolio is approximately $1.6m, most of which is in one company. Since the original investment was only $25k and my first actual investment, if I had just stopped there I would be doing way better.
I cannot conclude that I am actually any good at this.