There was a very promising startup that, based on using Alexa ranking correlations to valuations (beware of this approach), was more than 5 times undervalued! Even if it hit a “base hit” like a $25 million exit, I could easily recoup my planned $120K! I got very excited and cut a check for $50K. “That’s a bit aggressive for a first deal, don’t you think?” Mike asked me over coffee. Not a chance. My intuition was loud and clear. I was convinced, based on other investors and all of the excitement surrounding the deal, that this company was on the cusp of exploding. This startup was on life
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