An article we liked from Thought Leader Alec Torelli:

How to Manage a Venture Portfolio

Exploring the math behind diversification and how it impacts investor returns. Plus, my theory on the ideal number of investments and check sizes.

Poker has taught me a lot about bankroll management. I’ve learned the hard way how important it is for one’s long-term success. As I now remind my clients, you can be the best poker player in the world, but you will (eventually) wind up broke if you don’t manage your capital correctly.

I can now lecture because I’ve made just about every mistake in the book. People told me this when I was first starting out, but of course, the brash 21-year-old who won $1,000,000 in a year didn’t listen.

Naturally, I learned the lesson only after losing most of that money back and having to rebuild my bankroll from scratch.

Poker and Angel Investing

When I got into angel investing, I was determined to avoid the mistakes I made in poker.

The game has taught me that no matter how confident I am, there are things beyond my control……

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