I’ve been quite active behind the scenes with some angel investments and building up the team for redesignmobile.
A big part of that has been having deep conversations where I ask questions about what they want to do and they ask me questions. I evaluate people as much as by what they ask me as how they respond to the questions I ask.
The smartest question I was asked recently was “What happens if you lose all of your investment doing this?”
It shows me that the person I’m working with is not immoral or amoral. They care about a partnership, not maximizing their personal gain.
My answer: Although I will take big risks, they are always calculated risks. And I don’t take risks that I can’t afford to take.
yes i think this could be the simplest answer of the question. when investment is done all the aspects are analyzed. so when there is calculated risk you are at safe side.