Rich Habits Podcast 55: How We Find, Analyze, and Secure New Investments (Startups, Small Biz, & Stocks)
33 snips
Mar 11, 2024 
Robert Croak and Austin Hankwitz discuss finding and analyzing new investments like startups, small businesses, and single stocks. They share tips on where to find startups raising money, analyzing stock ideas, and the importance of due diligence in business investments. The episode also covers strategies for responsible investing, balancing personal preferences with investment choices, and simplifying wealth-building strategies through key investments and diversification.
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Build Your Index-Fund Foundation
- Build a base of index funds before speculating in startups or single stocks.
- Aim for $50k–$100k in broad ETFs like VOO, VGT, QQQ before higher-risk bets.
Source Startups Through Vetted Channels
- Find startup deals via AngelList, local meetups, and investment groups to build deal flow.
- Be patient and see many deals before committing; expect most early-stage startups to fail.
Prefer Later-Stage Startup Bets
- Prefer pre-IPO or later-stage startups with product-market fit and revenue rather than pre-seed bets.
- Write modest checks ($5k–$20k) and only bet on founders with proven track records or reputable backers.