I've written several times about how risky angel investing in start-ups and early stage businesses can be. Having personally invested in about 20 such businesses over the past 10 years, I have probably had to write off at least half of them within the first couple of years - but that doesn't mean they have disappeared completely. Just that my shares are no longer worth anything. That annoys me not just because they cost me money, but because the assets I helped to create may now be earning money for someone else. It may even be illegal and I am letting them get away with it. Let me explain. When you buy shares in a company, depending on the class of shares you buy, you are probably entitled to a share of the profits it makes when the board issues what's known as a dividend. Otherwise the profit is retained in the business to be reinvested in growth. In due course, someone may offer to buy your shares for more money than you originally paid. So there are basically two ways o
Last night I watched a one hour BBC documentary introduced by Lyse Doucet called The Darkest Days . It was aired exactly 6 months after Hamas murdered over 1,200 Israelis. The documentary was in 2 parts. Footage and interviews in Israel following the attack, then a similar amount of footage describing (in gory detail) the carnage that followed, and continues to this day, in Gaza. I was in tears. Watching anyone in pain, whether from physical injury or grief, is difficult at the best of times. But watching children and parents suffering - that's really hard to take. After watching it, I asked myself two questions. How could presumably sane people like the Hamas gunmen (of which there were hundreds or more involved) possibly commit those horrors? And what would I have done in retaliation - especially with regard to freeing the hostages? It's really hard for someone like me, an atheist grandfather, living comfortably in a relatively peaceful society to put myself in the shoes of