Hey, this is Nivi.

As you might know, Naval and I have another podcast called Spearhead where we discuss Angel

investing.

A few months ago, I collected all the short little spearhead episodes and published them

here in one big episode.

That was part one of the theory of Angel Investing.

What you're listening to now is part two.

If you want to subscribe to Spearhead, you can go to spearhead.co.

I'll also put a link in the show notes.

All right, here we go.

We've spent the last few episodes talking about why you should be Angel investing.

We talked about how to get your own proprietary deal flow and the short answer on that was

build a brand.

Now we're going to talk about judgment, how important is it, how to develop it.

Long term judgment is absolutely critical because without judgment, you'll end up with

a bad portfolio.

You won't have other investors backing you, you'll lose your money, and your brand will

suffer.

Good entrepreneurs won't want to be associated with bad judgment.

At the end of the day, judgment is actually the single most important thing.

It's more important than access to deals.

It's more important than access to capital.

...