Reason #3: You don’t have to be rich…

As Prince famously sang, “You don’t have to be rich to rule my world.”

The same goes for angel investing. A small cheque goes a long way with startups, especially in the early days. £3,000 is a perfectly respectable investment in a first round and about the same price as a good holiday and far less than a new car.

You may even have something more valuable to offer than cash – professional skills, advice and time can sometimes be traded for shares. A friend of mine who’s a PR guru exchanges her expertise for shares in a few carefully chosen startups. This is good business development too as once the startup can afford to pay for services, they will more than likely turn to the friends who helped them through the lean times.