spearhead
Opening Applications and Announcing $100M for Spearhead Founders
Now on TechCrunch
Today, we’re opening applications for the fourth class of Spearhead—where founders get their first fund. More
Apply To Spearhead 2 For A $1M Fund
Today, we start accepting applications for Spearhead 2, a program that gives startup founders their own fund, so they can start angel investing. More
Say No to Early Liquidity
Compound interest is the eighth wonder of the world; never interrupt it unnecessarily. – Charlie Munger
Say no to secondary offers to buy your investments unless you can return your fund for a small piece of the stock. More
11 Angel Investing Lessons
In the words of Charlie Munger, investing requires a latticework of mental models. Here are 11 lessons to begin filling out your angel investing lattice:
If you can’t decide, the answer is no
Proprietary dealfow means ‘they want you’
Investing takes years to learn, and longer to see returns
Valuation matters
Back $0B companies
Judgment is important but overrated
Invest only in technology
Some of the best investors have no opinions
Incentives make for bad advice
Play fantasy football
Power beats contracts
1. More