Angels Decoded is now the Play Money Podcast, and we’re kicking off the new format with our first guest. More than $300 billion sits in donor-advised funds across the US, already given away and…
Cheryl's calling it Affogato August. This summer, the deals that caught fire on Play Money weren't the moonshots, they were Thai-flavored ice cream and decaf coffee, both gone in days at six-figure…
Pam Scott runs Impact Investor, a group built from three kinds of angels who rarely agree with each other: operators who grill the fundamentals, advocates who care about the impact story, and seasoned…
SAFE notes are meant to make early-stage fundraising easy.And they do. But most founders and angels don’t fully understand what they’re signing up for.In this episode of Angels Decoded, Cheryl Kellond…
Many new angels think their first check has to be big to matter.In reality, the opposite is often true. Oversized early bets can limit diversification and reduce the odds of success. The real…
Every new angel investor wants to see their name on the cap table.It feels official. It feels powerful. It feels like you’re really “in the game.” But in reality, that small line on a cap table can…
There is no such thing as a "simple" direct investment.If you think being directly on a startup’s cap table is a badge of honor, you’re likely creating a massive administrative burden for the founder…
There is no such thing as an "expert" angel investor.If you believe a single large return makes you an expert, you’re treating angel investing like a lottery ticket. In Ep#2 of Angels Decoded, Cheryl…
Writing an angel check is easy. Knowing why is the flex.In the debut episode of Angels Decoded, Andy Walsh and Cheryl Kellond trade the “country club” luncheon for the raw truth about early-stage…
Most angels think heavy diligence makes them safer. Cheryl Kellond says it just makes them slower, and less trusted. She told a founder to skip an angel group's pitch process entirely, because they…
