James Mulvany – Angel Investors Should Invest in What They Know

<p><a href="https://www.linkedin.com/in/jamesmulvany/" rel="noopener noreferrer" target="_blank"><strong>James Mulvany</strong></a> is a successful entrepreneur, and over the past 10 years, has built multiple internet companies (including Podcast.co &amp; Radio.co) plus a property portfolio and has made a range of angel investments in startups! Having actually never had a job in his life, he started his first business when leaving school.</p><p>&nbsp;</p><p class="ql-align-center"><strong>“Business is never plain sailing. You have your ups and downs, you have good years and bad years, just like any job.”</strong></p><p class="ql-align-center">James Mulvany</p><p>&nbsp;</p><h2><strong>Worst investment ever</strong></h2><p>About a year after launching Radio.co and experiencing a great first year, James started thinking of ways to invest the profit he made.</p><p>James had been very much engaged with the local area’s startup scene, and he figured he could invest in one. So he started going to various angel pitching events.</p><h3><strong>Joining an angel investors syndicate</strong></h3><p>The more James attended the pitching events, the more his angel investment network expanded. One of the things that were quite common in the angel circus was the idea of having a syndicate. A syndicate is made of five or six investors who invest together.</p><p>James found himself involved in a syndicate with some top-notch guys interested in making a few investments. The other members of the syndicate saw James as the lead to any IT related investment. They looked up to him to decide whether to invest in IT-related companies or not.</p><h3><strong>Picking a startup</strong></h3><p>They found a few good pitches, and one concept for an augmented reality computer game stood out. At the time, there was so much hype around these gaming goggles. James’ syndicate saw this as an opportunity to make massive returns on their<a href="https://myworstinvestmentever.com/ep152-sal-daher-to-win-big-as-an-angel-investor-you-have-to-look-at-all-an