Archangel

  

Categories: Entrepreneur, Investing

You are the developer of Solar Slinger Sasquatch, a solar-charged product that chases sleeping Sasquatches in the land of The Unknown. Problem is you need forty-grand more to launch it. Your wealthy Aunt Sue, a well-known podiatrist, offers to give you forty grand in exchange for 4% equity in the company. Sue is an angel investor with wings on her back (well, feet). She loves your enthusiasm, isn't a venture capitalist, wants you to succeed, and is willing to offer access to her deep pockets. However, she's not an archangel investor.

An archangel is someone who has done tons of angel investing to the point of fame. For example, Silicon Valley's Ron Conway would be considered a former archangel. In his heyday, he pegged (no, not that kind of pegging) companies like PayPal and Google...and has gained notoriety for his power and influence. Same concept, grander scheme of things.

And another take: In the middle ages, theologians enumerated a complicated hierarchy of angels, from Seraphim and Cherubim at the bottom all the way to Archangels at the top. And above them was Tiger Woods…you know…until The Event. (See Purgatorio for details.) Modern finance has partially transplanted these concepts to the realm of investing, if only in a metaphorical, somewhat stunted form.

There are no "Seraphim investors" at this point, but there are angel investors (people with money who use that cash to fund startups) and above them, there are archangels. This last category includes angel investors who have successfully made money on their startups, giving them a significant reputation in the investing community.

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finance a la shmoop who is Warren Buffett

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no that's Warren Buffet that guy always over does it on the crab legs there in [Guy eating a crab leg and throws the scraps back onto the buffet]

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Vegas this is Warren Buffett world's most successful investor he bet big on [Buffett talking to Obama]

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the insurance industry arguably the greatest legal industry on the planet [Chips being put on the insurance industry]

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going along so this month passes your 50 bucks goes to Warren and co it's called [Grim reaper at the door then he says he is at the wrong house]

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Geico and they count it that's it they just stick it in their pocket very high [Someone counting money and then putting it into a jeans pocket]

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margin yes they have to leave some money for the million dollar death

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that'll happen way down the line or in some random a case where a guy got hit [Guy waiting at a bus stop]

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industry is a very high margin lucrative industry Buffett saw that and bet big on

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it he also bet big on the stock market and [Even more chips being placed on the insurance industry and some being put on the stock market]

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called the great market swings of our era almost perfectly his style almost

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stocks such that a normal mutual fund of his size might have a thousand names

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call he famously Shops at Walmart spends little money on himself and will end up [Buffett shopping with only a few basics in his basket]

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