Angels discussing the “widsom of crowds”

Bill Payne, one of the most respected people in the organized angel investing community, wrote an interesting piece applying concept of the book Wisdom of Crowds to angel investing models.

[The author's] message for optimizing returns in angel funds is that members need to be as independently informed as possible on each deal, debate the pros and cons of each investment and then vote to make the best collective decision.

Full post here.

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