"I don't have your check and I don't have your paperwork," so went the email. That's because I'm not investing in this pay-to-play round. "You're the only one who isn't," went the terse reply.

It's been that kind of year; hearing from my portfolio companies who haven't hit their stride, but continue to promise a bright future. Maybe I feel defensive, a need to justify why I didn't write a check and instead got converted to Common and diluted, terribly. I'm certainly no smarter than all the others who did write a check, but my conscience has been nagging at me and as therapy, I recalled the words of Kevin Covert in this podcast from the archives, so I thought I'd share it with you again.

Show #119 (34:32) Listen

Meet me in Seattle: March 11-12, at the NW Regional Angel Summit hosted by the Alliance of Angels, or in Tucson: March 22, the SW Regional Angel Summit hosted by the Desert Angels.