Angels are typically wealthy individuals investing their own money, while VCs invest other people's money and have a different decision-making process.

We self-funded VMware initially, allowing only immediate family to invest, and later sought angel investors who were technically sophisticated and understood our vision.

We decided to fund a large number of early-stage startups with small amounts of money, providing them with significant help, which was a departure from traditional VC practices.

Angel investors use their personal funds to invest in startups in exchange for equity, typically after the business has some validation but before it's ready for venture capital.

Starting a venture capital firm in 2009, we aimed to create a platform that provides entrepreneurs with the confidence and support of a seasoned CEO, enabling them to connect with influential figures.

I learned that sometimes ignorance can lead to unique strengths, as our inexperience in angel investing led to the successful batch funding model at Y Combinator.

Angel investors are individuals who invest their personal money in early-stage startups, typically writing smaller checks and often engaging in this as a side project rather than a full-time job.

Our ambition was always to build a world-dominating venture capital firm, not just a small boutique, as we believed it was equally hard to build either.

Union Square Ventures was the only firm that recognized our potential and invested in us, despite the skepticism from others.