Investor Paul Singh covers the common wisdom about angel investing.  Very sensible.  A good plan.  Hard to argue.  Let’s call it the base case…

• “The takeaway for angels is you shouldn’t get into this asset class unless you’re willing to do 20 deals,” Singh said. “Do not get excited about any one company.”

• “What I’m doing is going to the blackjack table, playing the minimum hand while I count the cards,” Singh said. “When I see a pattern I double down heavy.”

• “Bad bets fail fast,” Singh said. “Smaller check sizes force companies to figure stuff out quickly.”

More here.