Twenty-five is a floor, not a ceiling: why angel portfolio size is an infrastructure question
Every angel carries a mental model of the upside, whether or not they have written
Every angel carries a mental model of the upside, whether or not they have written
Startup exits cluster at $20–40m because that’s where a founder’s personal number gets met. Why
Angelmatic automates the discipline of angel investing: diversified, prequalified, hands-off. Why I built it, and
The biggest venture wins were built in the grey. Why angel investing regulatory risk is
An angel investment thesis isn’t a one-liner about a sector. It’s what you build once
The AI data centre backlash has a physical focal point: energy, water, noise. Two technologies
The cadence of informed angel investing requires a reassessment of the cheque sizes. Why the
A podcast on a walk, a $55bn bid, and the line I use to shock
Australia is struggling to define a “startup” for its CGT carve-out. The wholesale investor test
Why pessimism is the natural default for a markets professional, why it’s structurally wrong, and
After 13 years in an angel group and 80+ investments, my bias is that angels
A precise valuation model never tells you when price reverts to value. Except in one
The maths says the winner needs 30x. No one underwrites to 30x. The gap between
How can a company with no product or customers be worth millions? It starts with
Richard Moore on right-sized angel due diligence in 2026: how AI, ESVCLP co-investment, and the
Angel pitches are being read twice as AI changes how both sides of the table