Startups are a very risky alternative asset class (>90% fail, highly illiquid). Hence, especially when you are starting out, it is important to allocate only a percentage (<5-10% ) of your portfolio which you are willing to lose, based on your risk appetite. It is better to increase the allocation as you get comfortable and learn to mitigate risks and further reinvest after your recoup your initial capital from initial successes. It is a long term game, you need a long term view and lots of patience. The good news is there are plenty of problems in the world that need the intervention of tech startups. So happy hunting!
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