The lure of angel is investing is very strong for successful business people looking to leverage their knowledge, judgement and wealth to generate even more successes. That’s a great thing, as we’ve seen a staggering amount of innovation driven over the past generation with venture capital funding and early stage investments.

But is this something you should consider if you’re fortunate enough to have money that you can invest in something speculative like a brand new idea?

Tucker Max has had some success with angel investing, but he’s arguing in this article and the video above that most people should never start. The issue isn’t a dearth of good ideas for even valuations. The issue comes down to not enough founders who are truly capable of building a business.

It’s a fair point, so check out Tucker’s advice and do your own research on whether this is right for you before taking the plunge. Good luck!