How to be an angel investor

The document provides advice for how to be an effective angel investor. It recommends focusing on dealflow from other angels and through advisory services. When evaluating startups, it suggests paying close attention to the founding team's skills and experience, as well as evidence that the startup has engaged with customers. It also advises investing carefully, saying no quickly when uninterested, and aiming to add value to founders through meetings rather than spending significant time on unpromising opportunities. The goal is supporting innovation more than financial returns.