Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000

by Jason Calacanis

you’ve lost only $25,000 of $10 million—or 0.25 percent of your net worth. If your bond portfolio or the stock market returns 4 percent a year, you will recoup that loss in a month.