Becoming an angel investor isn’t easy — and that’s on purpose.

Those who claim the title must satisfy a few requirements with regard to income and licensing. If not, just about anyone could schedule Zoom calls with founders to talk about making their dreams come true.

Business schools teach the basics, but Mysty Rusk, who’s reviewed around 4,500 deals over the last 20 years, says the most important lessons she learned were the result of mistakes she made along the way.

“There may be no way to foresee a global crisis, a stealth competitor, or other risks that are completely outside the startup’s control,” writes Rusk, “but some obstacles are avoidable with the right knowledge.”

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Walter Thompson
Editorial Manager, TechCrunch+