Should You Raise Angel Investment? A Contrarian View In this eye-opening episode of Startup Stories from the Treehouse, Andrew Kazlow, CEO of PitchFact, challenges conventional wisdom about angel investing. Drawing from his extensive experience with angel networks and startups, Andrew boldly claims that most entrepreneurs shouldn't raise capital from angels. Through the lens of his 'Angel Ops' framework, Andrew breaks down the hidden mechanics of angel networks, revealing why many founders waste months pursuing the wrong funding strategy. He shares practical insights on due diligence red flags, relationship building, and valuation pitfalls that could make or break your fundraising efforts. Whether considering angel investment or exploring funding options, this episode offers a refreshingly honest perspective on when to pursue angel capital—and when to focus on building instead. Subscribe to the Wildfire Labs Substack for podcast summaries and more insight on building a tech startup.