Lee Jacobs and Brian Balfour join Ryan at AngelList HQ for this week's episode. Back in the day, Lee was one of the first syndicate leads on AngelList and later went on to join as a Partner. He previously started an education marketplace startup called Campus Dock. Ryan got to know Lee at AngelList a few years ago, when Lee was kind enough to help him craft his deck as he went out to raise his first fund. Lee is now a full-time investor with his own fund, Edelweiss, which he started with Brian Balfour, Elaine Wherry, and Todd Masonis. Brian Balfour invests part-time at Edelweiss and spends the majority of his time as CEO of Reforge, a professional education program for experienced practitioners. We've had some of our teammates here at Product Hunt go through the program. Prior to Reforge, Brian was the VP of Growth at HubSpot, EIR at Trinity Ventures, and the founder of several startups including Boundless Learning, POPSignal, and Viximo. In this episode we talk about: What kinds of questions Lee and Brian ask founders when they first meet them Some of the mistakes that first-time fund managers make and how to avoid them How to think about fund strategy and why the style of your fund should match your personality The importance of cultivating resilience, both as a founder and as an investor Of course, we talk about some of their favorite products as well. We’ll be back next week so be sure to subscribe wherever you listen to your favorite podcasts. Big thanks to Bubble, Spoka, and Dipsea for their support. 😸