What I’ve learned creating a startup index fund using AngelList

This is the most sane and sound explanation of Angel funding I have yet to read about. Kudos to the OP for sharing the thought process.

> I wouldn’t recommend anyone to put more than 5% of his or her investment assets into startups.

It's surprising how many people (for those who have the ability and access to do so) notoriously do not follow this advice (which is personal finance 101) and use angel investing as a status symbol.[0]

[0] - http://www.bothsidesofthetable.com/2015/07/07/how-many-angel...

Not sure if index approach will work in startups given the power law dynamics. If you are investing as part of a syndicate, I doubt you get pro rata rights to ride a rocket ship up to the top, and you likely wouldn't have the dry powder to follow on anyways. But still an interesting concept.