Founder Self-Portrait Red Flag
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Codie Sanchez shares a cautionary tale about losing money to an egotistical founder during angel investing.
"I wrote this whole piece about this one guy that we lost $2 million with because he was super egotistical. He had big images of himself on the wall. After that experience, I added a new question to my due diligence questionnaire: 'How many images of yourself do you have in your office?'"
The story illustrates why angel investing can be dangerous - founders are often charismatic and can sell you on their vision, sometimes leading to significant losses.
Codie Sanchez
Content creator helping others ride the silver tsunami
Codie's played in a lot of sandboxes as a building an investment firm in latin america, a venture fund focused on small business infrastructure, a media business and a small business holding company.
On her Contrarian Thinking: Contrarian Thinking’s mission is to bring more humans into financial freedom, making us fluent in the language of money. Civilize the mind. Make savage the body. Build the bank account.