From an entrepreneurs perspective, it is no wonder that anyone who can write a cheque and keep you in business for a few more months would be seen as an ‘angel’.  But can / should we really include Angel’s under the umbrella of Investors?

In the Celestial sense you certainly wouldn’t want to believe your guardian angel was in it for the money, but is angel investing much different?

The cost of starting a business has plummeted in the last decade and consequently the barrier to entry for Angels has dropped alongside it with many Angels investing not more than $10-20k at a time.  This has bought many more Angels to the table. All, supposedly, in the hopes of backing the next Uber or Facebook. But are they all mathematically challenged? Even the most cursory of research should show that their odds of winning are about on a par with buying a lottery ticket.  And certainly way worse than visiting a casino and putting it all on red. So is there more to it then that?

In my role as Ambassador for the World Business Angel Investment Forum, I have had the good fortune to meet many varied and interesting Angels but almost all shared a desire to help and support the ecosystem of entrepreneurs.  Rightly, or wrongly (which is a topic for another post), they believe they have something more to offer entrepreneurs than just money. The enjoyment they get from being an Angel hinges far more on the knowledge and contacts they can share, but also on what they themselves can get to learn from the businesses they support and/or the kudos from association.

In any quantifiable sense, being an angel is more akin to having an expensive hobby, not being an investor.  

But one thing is certain, the ecosystem depends on them, so let’s polish their halo’s and welcome more of them.


Author: Callum Laing


Recently Published

Key Takeaway: Educational media content for children, such as “Sesame Street” and “Daniel Tiger’s Neighborhood,” may seem simplistic to adult viewers. However, research has shown that children can learn important developmental and social skills through media. The Sesame Workshop has been testing content for decades to ensure children understand the intended messages and enjoy watching […]

Top Picks

Key Takeaway: Research shows that viewing dating profiles can influence our judgments, particularly in terms of facial attractiveness. Sequential effects, or “serial dependence,” are a type of bias in psychology that affects how we judge the current item. High similarity between faces leads to more assimilation, while low similarity produces less or even contrast. These […]
Key Takeaway: China’s national champions for semiconductor design and manufacturing, HiSilicon and Semiconductor Manufacturing International Corporation (SMIC), are making waves in Washington. Huawei’s launch of the Huawei Mate 60 smartphone in August 2023 showed that Chinese self-sufficiency in HiSilicon’s semiconductor design and SMIC’s manufacturing capabilities were catching up at an alarming pace. The US has […]
Key Takeaway: Tech industry leaders are discussing the convergence between humans and machines, inspired by transhumanism. Elon Musk’s company Neuralink aims to facilitate this convergence, aiming to prevent humans from being left behind in technology advancements. Transhumanists advocate for the three “supers” of superintelligence, superlongevity, and superhappiness. Companies like OpenAI, DeepMind, and Anthropic are racing […]


I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […]

Join our Newsletter

Get our monthly recap with the latest news, articles and resources.


Welcome to Empirics

We are glad you have decided to join our mission of gathering the collective knowledge of Asia!
Join Empirics