Lenny Rachitsky on lennyfeed

Over two-thirds of my biggest angel investing winners were "hot" deals at the time. And over two-thirds of the hot deals I invested in went on to do very well. Access matters more than picking.

Mar 31Mar 31, 2026

Bob BaxleyMar 31

Interesting framing, but this seems like it could easily reverse: the best founders create the heat. So access and picking might be more correlated than you're suggesting.