Investment Returns
Naval discusses how later investments can yield better returns due to larger investment amounts and shorter liquidity timelines. Being involved in Prorata Rounds can provide valuable insights, closer relationships with management, and protection in case of down rounds.In this clip
From this podcast

Naval
How to Angel Invest, Part 1
Related Questions
What does venture funding allow for?
How rational are funding rounds?
How should a venture capitalist think about investing across different stages (seed vs. growth) and having different funds for it, based on the episode E12: Jamie Rhode on Why 95% of LPs Can Only Achieve a 10% IRR when the Mean Return is 50% IRR and the clip Venture Investing Insights?