Angel Investing 101 with Rashad Moore

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Show Overview:

Angel investing can be a daunting space for new or aspiring investors. Score 3 Angels founder and Managing Partner, Rashad Moore, joins us this week to help demystify the high-risk world of angel investing and outlines way to safely invest and build your portfolio.

Are you interested becoming an Angel investor but have no idea where to begin? Then this is the episode for you. Score 3’s very own Rashad Moore joins us on this week’s episode to give us a breakdown of his start with Angel Investing. We talk about how to meet the necessary requirements for becoming an accredited investor (13:54), Rashad’s rule of thumb (31:48), the Fair Shot Doctrine (41:09), and his love for rom-coms.

About Get Found Get Funded:

The Get Found Get Funded podcast is at the intersection of entrepreneurship and social justice where we focus on entrepreneurship as a possible path to wealth creation — specifically for Black and Latinx communities.

Featured Guest: Rashad Moore

Founder and Investor at Score 3 Angels
Learn More About Rashad Moore
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Timestamps:

01:01 Xina’s intro.
01:35 Rashad Moore’s background.
03:01 How did Rashad begin investing?
11:02 Who invited you?
13:54 Do you meet the requirements to be an accredited investor?
19:53 Accredited Investors are?
31:48 The rule of thumb.
33:59 Money back guarantee?
38:05 Decisions on investments.
41:09 The Fair Shot Doctrine.
43:48 What do you look for in a pitch? Do you pass on to your network?
53:48 What can Entrepreneurs get from Angels that they might not get from VC’s?
1:07:00 Most Entrepreneurs do not understand the numbers.
1:10:13 What would you do differently as an Investor? What advice do you have for new Investors?
1:17:14 Outro

Items Mentioned in the Show:

Key Quotes From Rashad Moore

“Let me do $1,000 a company and now that's $30,000 total over five or six years, that's a Prius. Right? Right. That's a, that's a Honda accord. That's, that's attainable and financially responsible. Right. So I'm like, look, if you're driving, if you're driving a, any SUV, then you can be an Angels investor.”
“If you think about the national income, household income is roughly only like $50,000 or $60,000 a year. We need to be cognizant of that as well. Um, but I will say though, I guess the ultimate point is that there are way more people who could be investing in private companies as an accredited investor then, then the, then our population gives us credit for, if that makes sense.”
“I mean, the rule of thumb is you should be able to lose it and not be stressed if you did lose it.”
“If I didn't make any money any of the companies ever invested in… I've learned so much in just working with some of the world's best entrepreneurs.”
“So you also have to remember the Angels Investors. We do this in our spare time, it's not our main job. It's not what we get paid to do.”
“There's only gonna be one big winner in each of these categories or two of each of the different categories. So if you invest in five companies and who are doing media hosting or something like that, then well, you've kind of over-indexed in that space a little too much.”
“Your ability to raise money fast does not necessarily correlate to how successful of a company you're going to be.”