Tommy Martin, the CEO of Mammoth VC, is a registered investment advisor, and he noticed something interesting about his high-net-worth clients: they were often active in angel funding and friends-and-family rounds, the riskiest sectors of the venture market.
Other advisors reported the same thing. “It's not if their clients are going to do venture capital, it's when,” Martin said, “Right now they're doing it without their advisor, and a lot of times it's a brother-in-law or a college buddy that's . . .
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