Investing in a Startup Each Month — Half Year Update
A progress report on my New Year’s resolution to invest in a startup each month in 2022
We’re halfway through 2022 and what a disaster it’s been. The past two years of Covid were miserable — millions of people died, and everyone was locked in their houses, but at least my investments were skyrocketing.
Now that the world is opening up again, all my investments are crashing.
I did succeed in making $30 in June from my first investment crypto. How? By investing in an ETF that shorts Bitcoin. Unfortunately, the ETF didn’t start trading until after the meltdown.
At least I haven’t lost money at crypto yet. All my other investments are a daily bloodbath. That hasn’t stopped me, though, from continuing to invest in startups.
An investment in a pre-seed startup is unlikely to be worth anything for 5–10 years. If it’s ever worth anything at all. So it’s not clear why today’s decline in the price of Apple and Netflix stock should affect the value of a company that doesn’t have revenues yet. But it does.
It’s the only topic of conversation these days among VCs and angel investors. It’s the first question I get asked by startups looking to raise money — how bad is fundraising now?
