38:20Startup Investor School Preview
Geoff Ralston previews Y Combinator’s four-day Investor School, which teaches the basics of angel investing, including evaluating founders, understanding investment mechanics, and building a portfolio. He advises investors to meet many founders, seek deal flow, make thoughtful decisions, and be clear and kind when declining. Good investors respect founders, understand the limits of their own influence, and invest with conviction while accepting that a startup investment may be worth zero. The course also covers changes in early-stage funding, including accelerators, online investment platforms, and ICOs.