Found this great short post "8 Angel Investors that Entrepreneurs Should Avoid"
It was posted by Jacky Wang on Linkedin. He's an avid poster of pertinent data for entrepreneurs and I encourage you to follow him on Linked in.
To this I'd like to add:
Avoid the Idiot nephew of a successful entrepreneur. That rich uncle knows his nephew is an idiot and will assume you are too.
Had a real doosey of a pseudo investor once that tried to pick up a piece of my tea business. In addition to having access to his rich uncle's fortune, he claimed to have invented the mascot and logo for a nationally known spirits company. Turned out the logo was older than him and he was merely hired to wear the darn costume at an event.
Sadly, success draws vermin out of the walls like rotten cheese and rats. Some want a piece of something without the risk you've assumed. Some are arranging future litigation and others are delusional. And some are just scum. My favorite was a couple of guys, after hours threatening to expose me for financial wrong doing if I didn't agree to their onerous terms. I was squeaky clean and gave them the boot. These morons must assume everyone is as dirty as they are.
Moral of the post; stay clan and assume others aren't. You've sacrificed. Expect nothing less of others.
Love to hear your partner/ tag along and investor horror stories in the comments.
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