I mildly think that startups should keep a roll-up vehicle around and take as many $5k checks from engineers/etc as people want to offer.
This is less about the money and more like “Why yes we do accept superfans.”
(Plausible recruiting targets even if not today, etc etc.)
Luke Metro (@luke_metro)
Average engineer angel investing experience:
"Hey, I really like your company, can I put in $5k into your seed?"
"Sorry, we're trying to keep the cap table tight - but we'd love to recruit you as a founding engineer"
"Sorry I don't like your company that much"
— https://nitter.net/luke_metro/status/2084366889200054563#m