One thing I'd like to do is angel investing in small companies. That's what's exciting, and if you are lucky to have a bit of money, you can take those risks.
Sentiment: POSITIVE
You can invest in companies, you can help grow companies, you can be a venture capitalist - and be a philanthropist at the same time.
Talk to successful entrepreneurs. Learn about what they've experienced so you can avoid some of the pitfalls that come with wealth.
I think you have to be a niche player. You've got to find smaller ideas that are going to benefit in the conditions as they are. You can change the conditions and always try to find ways to make money in the conditions as they exist.
I want to work for a company that contributes to and is part of the community. I want something not just to invest in. I want something to believe in.
The only investable idea I have real confidence in is farming and forestry. My family owns some forest, and now we're closing on a farm. Make the farming more sustainable and the forestry more sustainable, and everyone benefits.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
I'm only going to make investments with people that I'd want to spend time with anyway.
You need to begin to network with angels and VCs while you are still ideating. It is easier to ask someone you know for funding than a stranger. Build your financial network by attending as many industry functions and reaching out for advice from experts online.
I actually don't invest in anything that is social, mobile, deals or ad networks simply because those are areas where there are so many players and so many other smart people in the space, I feel like I don't have a competitive advantage. So I tend to go after things that are e-commerce, like healthcare.
The last thing you want to do, unless it's a very unusual situation, is to invest money.