Angel investors face a choice—invest individually or with a fund. Individual investing is an option for people with lots of capital, personal experience with VC financing and/or ability to piggyback on investments with more knowledgeable friends. This is the dominant mode for startup communities that have lots of VC money and angels with deep experience in high growth industries. In contrast, the best path for Upstate angels is to participate in a fund. Angel funds enable investors to learn from each other, manage risk through smaller initial commitments, and build a bigger, more diversified portfolio. Beyond getting better financial returns, joining a fund puts you in contact with other like minded individuals in your area who share a common goal of working together to make a difference in helping the next generation entrepreneurs and new companies. Significant personal relationships form and the social side of angel investing in a fund is not to be overlooked.