--- title: The Risky Business of Angel Investing description: Buying into the next or before it goes public may seem beyond the reach of all but those with the deepest pockets. But as Jason... canonical: https://time.com/4865955/angel-jason-calacanis-review/ author: Sarah Begley article:opinion: true article:content_tier: free article:published_time: 2017-07-20T10:15:07.000Z article:modified_time: 2026-02-23T16:38:12.235Z article:section: Ideas og:title: The Risky Business of Angel Investing og:description: Buying into the next or before it goes public may seem beyond the reach of all but those with the deepest pockets. But as Jason... og:url: https://time.com/4865955/angel-jason-calacanis-review/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt7cf4544f42a012ba/6988d660bc6cfcc1743e24f1/risky-business-angel-investing.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 og:image:width: 2405 og:image:height: 1353 og:image:alt: risky-business-angel-investing og:type: article twitter:card: summary_large_image twitter:title: The Risky Business of Angel Investing twitter:description: Buying into the next or before it goes public may seem beyond the reach of all but those with the deepest pockets. But as Jason... twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt7cf4544f42a012ba/6988d660bc6cfcc1743e24f1/risky-business-angel-investing.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  # The Risky Business of Angel Investing > Sponsored content. Supplied in partnership with TIME. 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A paid TIME subscription is separate and available at time.com/subscribe-agent. by [Sarah Begley](https://time.com/author/sarah-begley/) ## Sarah Begley Jul 20, 2017 10:15 AM UTC  by [Sarah Begley](https://time.com/author/sarah-begley/) ## Sarah Begley Jul 20, 2017 10:15 AM UTC Buying into the next Facebook or Netflix before it goes public may seem beyond the reach of all but those with the deepest pockets. But as Jason Calacanis explains in his new book, _Angel_, anyone can become an angel investor–as long as they’re prepared to lose it all. (It’s “the highest-risk investing in the world,” he warns.) There are ways to mitigate risk, though. To start, Calacanis suggests joining an angel syndicate like SeedInvest, FundersClub or AngelList (which he uses), where you can contribute as little as $1,000 as part of a group funding effort. As for picking the right company? Calacanis says to look for other notable investors, at least two founders (as insurance against one of them quitting) and proof that the company can keep itself going for 18 months after receiving its funds. If you choose correctly, as Calacanis did with Uber, the reward can be enormous. “Someone has to write these early checks,” he writes. “Why not you?” ```json [{"@context":"https://schema.org","@type":"OpinionNewsArticle","@id":"https://time.com/4865955/angel-jason-calacanis-review/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/4865955/angel-jason-calacanis-review/"},"headline":"The Risky Business of Angel Investing","datePublished":"2017-07-20T10:15:07.000Z","dateModified":"2026-02-23T16:38:12.235Z","description":"Buying into the next or before it goes public may seem beyond the reach of all but those with the deepest pockets. 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