Youβre reading an excerpt of Angel Investing: Start to Finish, a book by Joe Wallin and Pete Baltaxe. It is the most comprehensive practical and legal guide available, written to help investors and entrepreneurs avoid making expensive mistakes. Purchase the book to support the authors and the ad-free Holloway reading experience. You get instant digital access, commentary and future updates, and a high-quality PDF download.
Pete has played many roles in the startup ecosystem, and has been an angel investor for 10 years. As a serial entrepreneur, he raised over $25M in seed financing and venture capital, and had two successful exits, an acquisition for 2Market and an IPO for RedEnvelope. For 25 years, Pete has advised startups on fundraising and product strategy, both individually and as part of accelerators like Techstars. He has the dubious distinction of losing most of his first $200K in angel investments, in part because he didnβt have the knowledge and wisdom in this book. He strongly believes that one learns more from the failures than from the successes, and his goal is to give you the benefit of those hard lessons without the financial (and emotional) pain.