The majority of angel investors I know have NOT lost money investing in startups through VentureSouth

Following from yesterday: as of writing, 389 angel investors have invested in one or more companies through VentureSouth since the first investment in 2008.

Of those 389 angels, only 40 investors (10.3%) have lost money in aggregate (before fees) over their VentureSouth investments so far, or seem likely to lose money based on their portfolios’ trajectories.

So, have the majority of angel investors we know lost money in startups? Definitively NO: 90% of angels we know have not lost money investing in startups with VentureSouth.

Of course, life is more complicated than the short answer, so we’ll add some nuances in a follow-up post.