Becoming an industry expert makes you a worse angel investor
βOne of the data sets that I've looked at is what happens to people as they become an expert in an industry and it turns out they become much worse angel investors in that sector. It's like, I've done a lot of healthcare. I'm probably a worse angel investor in healthcare. Why? Because now I just see all the problems, right? It's like, I don't have it. Whereas whatever, some random person off the streets, like, I didn't even know that. I didn't even know the FDA would say no to that. I'm just gonna give it a shot.β
