Answering Your Angel Investing Questions (FAQ)

Behind The Scenes: Learnings From Our First Podcast

It's a wrap! Season 1 of our A-Team Mini Series has come to an end. In this episode, we share some behind the behind the scenes along with Cory (our video producer). This was filmed back in May 2023 and so much has evolved since we filmed this already. When we filmed this, we were just starting out on YouTube, had no idea what our channel would turn into. At this stage, we hadn't pitched any sponsors so far, but knew there was a way we could partner with software companies and share some of our Top Picks with viewers of the podcast. Listen in to our conversation around our hopes for this channel, what we don't want it to turn into and some of our motivations for creating the mini-series in the first place! P.S. Leave us a comment on YouTube [https://efficient.link/ateam/7?ref=podcast] if you want us to record an updated behind the scenes with our learnings from securing sponsors, editing, posting, and figuring out our business model around this channel! Video Version Available on YouTube: efficient.link/youtube [https://efficient.link/ateam/7?ref=podcast] Review Us on Apple Podcasts: efficient.link/ateam/review [https://efficient.link/ateam/review] SPONSOR 🫶 ↳ efficient.link/s/copper (Free trial) SOFTWARE MENTIONED 🚀 ↳ Copper: efficient.link/s/copper [https://efficient.link/s/copper?ref=podcast] (Get 30 days free) ↳ Mercury: efficient.link/r/mercury [https://efficient.link/r/mercury?ref=podcast] (Free) ↳ PartnerStack: efficient.link/r/partnerstack [https://efficient.link/r/partnerstack?ref=podcast] (Affiliate Software) ↳ Secret: efficient.link/r/secret [https://efficient.link/r/secret?ref=podcast] (Get Software Discounts) ↳ Learn more about the best software: efficient.app/top-picks [https://efficient.app/top-picks?ref=podcast] Visit efficient.app [https://efficient.app/?ref=podcast] to learn more & get software recommendations. Podcast hosted on Transistor (efficient.link/r/transistor [https://efficient.link/r/transistor]) *Affiliate Disclosure: Many links used above and across our channel are affiliate links and we may or may not get commission depending. Purchasing through the link helps us to continue creating content and does not impact the outcome of our opinions in our videos. You can read more here: efficient.app/about [https://efficient.link/about?ref=podcast]

We tried investing in Arc Browser and this is What Josh Said…

This is the story of how we tried investing in Arc Browser (Chrome competitor built by the team at The Browser Company). In this episode, we bring you along the journey of getting on Josh Miller's radar (CEO) and give you a look into the DM's and phone calls with him that led to more than 3 failed attempts at investing. If you're also a fan of Arc Browser, or are just interested in seeing what it takes to invest in a startup that doesn't want your money, this is sure to bring a smile to your face. The journey of investing in Arc has involved persistence, convincing, and even some tears. Come along the ride with us! Video Version Available on YouTube: efficient.link/youtube [https://efficient.link/ateam/6?ref=podcast] Review Us on Apple Podcasts: efficient.link/ateam/review [https://efficient.link/ateam/review] Full Arc Browser Conviction Article: efficient.tips/b/arc-conviction [https://efficient.tips/b/arc-conviction?ref=podcast] SPONSOR 🫶 ↳ efficient.link/s/copper (Free trial) SOFTWARE MENTIONED 🚀 ↳ Motion: efficient.link/r/motion [https://efficient.link/r/motion] (Get 7 days free) ↳ Superhuman: efficient.link/r/superhuman [https://efficient.link/r/superhuman] (Get 30 days free) ↳ Mercury (Startup Banking): efficient.link/r/mercury [https://efficient.link/r/mercury] (Free) ↳ Arc Browser: efficient.link/r/arc-browser [https://efficient.link/r/arc-browser] (Free) ↳ Superhuman: efficient.link/r/superhuman [https://efficient.link/r/superhuman] (Get 30 days free) ↳ Sandhill Markets: efficient.link/r/sandhill [https://efficient.link/r/sandhill] (Invest in secondaries like SpaceX and OpenAI) ↳ Learn more about the best software: efficient.app/top-picks [https://efficient.app/top-picks] Visit efficient.app [https://efficient.app/?ref=podcast] to learn more & get software recommendations. Podcast hosted on Transistor (efficient.link/r/transistor [https://efficient.link/r/transistor])

Answering Your Angel Investing Questions (FAQ)

Watch this before you start angel investing 👀 When we first had the opportunity to angel invest in a tech startup, we knew nothing about "how to angel invest". This led us to speaking to many angel investors, venture capitalists, and watching dozens of videos on the topic. Since then, we've gotten tons of questions from others who are looking to learn more about angel investing. This episode covers the most frequently asked questions about angel investing and how to become an angel investor. Grab a coffee & enjoy! Video Version Available on YouTube: efficient.link/youtube [https://efficient.link/ateam/5?ref=podcast] Review Us on Apple Podcasts: efficient.link/ateam/review [https://efficient.link/ateam/review] SPONSOR 🫶 ↳ efficient.link/s/gelt (Skip the waitlist) SOFTWARE MENTIONED 🚀 ↳ Motion: efficient.link/r/motion [https://efficient.link/r/motion] (Get 7 days free) ↳ Gelt: efficient.link/s/gelt (Skip the waitlist) ↳ Superhuman: efficient.link/r/superhuman [https://efficient.link/r/superhuman] (Get 30 days free) ↳ Help Scout: efficient.link/r/helpscout [https://efficient.link/r/helpscout] (Skip the waitlist) ↳ Mercury (Startup Banking): efficient.link/r/mercury [https://efficient.link/r/mercury] ↳ Readwise: efficient.link/r/readwise [https://efficient.link/r/readwise] ↳ Calendly: efficient.app/apps/calendly [https://efficient.app/apps/calendly] ↳ AngelList: efficient.link/r/angellist [https://efficient.link/r/angellist] ↳ Slack: efficient.app/apps/slack [https://efficient.app/apps/slack?ref=podcast] ↳ ClickUp: efficient.link/r/clickup [https://efficient.link/r/clickup] ↳ Learn more about the best software: efficient.app/top-picks [https://efficient.app/top-picks] Visit efficient.app [https://efficient.app/?ref=podcast] to learn more & get software recommendations. Podcast hosted on Transistor (efficient.link/r/transistor [https://efficient.link/r/transistor])

Business Partnership, Setting Boundaries, Splitting 50/50, What If We Broke Up?

Video Version Available on YouTube: efficient.link/youtube [https://efficient.link/ateam/4?ref=podcast] Review Us on Apple Podcasts: efficient.link/ateam/review [https://efficient.link/ateam/review] SPONSOR 🫶 ↳ efficient.link/s/gelt (Skip the waitlist) SOFTWARE MENTIONED 🚀 ↳ Gelt: efficient.link/s/gelt (Skip the waitlist) ↳ Learn more about the best software: efficient.app/top-picks [https://efficient.app/top-picks?ref=podcast] ABOUT THE EPISODE 🤔 ↳ I WILL NEVER get another business partner! 🤬 (An unwavering decision that Alex made 6–7 years ago after 2 failed partnerships) I learned that even with the best intentions from all parties, resentment can (and will) build—it's almost guaranteed. 🫱❌🫲 This happens for a myriad of reasons: ↳ 🥇 If you have an “ideas person” vs “executer”, the executor will quickly feel like workload is falling solely on them (unless there's no sales coming in, then the reverse happens). ↳ 🥈 You can have different visions for the business—do you scale at all costs or keep it a lean lifestyle business? ↳ 🥉 One person becomes obsessed with work—working 24/7—while the other may want more work-life balance, especially if they have a family. This happen with bands all the time, they make amazing music while together, but someone always feels like they are the cog to success, so they break it off (due to resentment), only to learn that maybe it was the group. Heck, it even happened to Ben & Jerry's! The reason is, there's just so many opportunities for disagreements to arise, and rarely does it make sense to truly put in the time and work to flesh out every single disagreement as it goes directly against moving quickly. What might seem fair at the start (a 50/50 partnership), will be the first point of resentment to grow as how does one assign such expectations and value before ever working together. Not to mention, 50/50 implies equal power, and thus results often in having 2 captains steering the ship. It simply won't end well. (In-fact, I hear that's actually what happened with the Titanic). I had two failed business partnerships, talked to everyone imaginable about if it could work (even asking @theChrisDo back in the day on a live stream—he's actually who gave me the Ben & Jerry's example 😂) and after years of debating, the consensus was in—never again. ✅ Then as the saying goes: when you least expect it—someone enters your life and changes everything you thought you knew. (Andra Vomir 👋😅) BUT there is no romanticizing it: ANY successful business partnership takes hundreds, if not thousands of hours of conversation: negotiation of ideas, working through conflict, expectations, power dynamics, heck, even a contingency plan if all goes to 💩 (e.g. disillusion agreement). This episode is a 1-hour conversation that condenses 3-years of learnings that came from working together as business partners. We share the early discussions that led us to become business partners, splitting the business 50/50 (spoiler: it was INCREDIBLY hard for me and we're STILL working through what exactly that looks like with legacy customers), setting boundaries, and ultimately figuring out the best way to work together.   What's it like working with your spouse? In this episode, we discuss our different routines, setting boundaries, income splits and the role of communication in our personal and professional relationship. Visit efficient.app [https://efficient.app/?ref=podcast] to learn more & get software recommendations. Podcast hosted on Transistor (efficient.link/r/transistor [https://efficient.link/r/transistor])

Angel Investing, Rent vs Buy, & the Frugality Debate

Video Version Available on YouTube: efficient.link/youtube [https://efficient.link/ateam/3?ref=podcast] Review Us on Apple Podcasts: efficient.link/ateam/review [https://efficient.link/ateam/review] SPONSOR 🫶 GET 1 FREE MONTH OF SUPERHUMAN ↳ efficient.link/s/superhuman [https://efficient.link/s/superhuman] SOFTWARE MENTIONED 🚀 ↳ Motion: efficient.link/r/motion [https://efficient.link/r/motion] (Get 7 days free) ↳ Superhuman: efficient.link/s/superhuman [https://efficient.link/s/superhuman] (Get 30 days free) ↳ Learn more about the best software: efficient.app/top-picks [https://efficient.app/top-picks?ref=podcast] ABOUT THE EPISODE 🤔 ↳ In this episode, Alex is in the hot seat as we discuss some of the tensions that have come up in our relationship as we invest our money in startups. Listen in as we discuss our differences around money, real estate, and frugality. We talked about unrecoverable costs in this episode when it comes to real estate. We realized when re-watching this that we didn't do a great job at breaking down what these costs are exactly, so here is the YouTube video we referenced: https://youtu.be/Uwl3-jBNEd4 [https://youtu.be/Uwl3-jBNEd4] Visit efficient.app [https://efficient.app/?ref=podcast] to learn more & get software recommendations. Podcast hosted on Transistor (efficient.link/r/transistor [https://efficient.link/r/transistor])