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When is dumb money from angel investors good money?

You might want Mr. Buffett as an angel investor in your Facebook effort if:

  • You really believe you won’t need follow-on funding later on and his money comes with good terms. BTW, in this particular case, Warren Buffett given who he is may not be so easy to get such good terms with but you get the idea.
  • You're desperate and need money to keep afloat. At this point, all money is green is neither smart or dumb.