"You just need to find the people who don't give up"

I was having dinner with Immad yesterday. He said:

"Angel investing is easy. There are plenty of smaller exits, and anyone who's smart can achieve a decent outcome. You just need to find the people who won't give up."

Of course, picking those people is the hard part. A portfolio of companies that don't give up will probably outperform the stockmarket over any time period.