Angels Decoded

About Angels Decoded

Writing a check is easy. Knowing why is the flex. Angel investing is underused, misunderstood, and explained badly. Play Money is a platform and community that connects angel investors with great founders who are fundraising.Subscribe. Then decide.

Publisher

Andy Walsh

Category

business · business

Language

en

Explicit

Yes

First episode

13 Feb 2026

Latest episode

23 Oct 2026

Latest episodes

16 of 26 episodes have a transcript.

1. 

   23 Oct 2026TRANSCRIPT

   Ep#26: The Riskiest Check Is the One You Never Write

   Cheryl Kellond, founder of Play Money, explains how the biggest risk in investing is inaction, offering math-backed strategies for angel investing success in this interview.

2. 

   16 Oct 2026TRANSCRIPT

   Ep#25: The Ultimate Play Money: Why Your DAF Should Be Angel Investing

   Host Andy Walsh interviews Patrice Brickman, Founder and CEO of Inspire Access, about leveraging donor-advised funds for angel investing in underrepresented founders.

3. 

   11 Sept 2026TRANSCRIPT

   Ep#24: The Affogato Effect — Why CPG Is Angel Investing's On-Ramp

   Host Andy Walsh and angel investor Cheryl Kellond explore why consumer packaged goods serve as an accessible entry point for new angel investors, revealing how gut instinct guides diligence and leads to successful portfolio diversification.

Inside a recent episode

Ep#26: The Riskiest Check Is the One You Never Write

Published 23 Oct 2026 · Transcript excerpt

[…] And this is the other thing about risk. Anything you do is risky. If you go too big and too concentrated, right? So the rule of thumb I use, and this is based on math that any competent financial advisor would use, of if you have enough net worth in assets, 7% of your assets should go into a diversified portfolio of startups. And you need at least 30 startup bets over a period of five to six years to have a properly diversified portfolio. So if you go math that backwards, for every million dollars of asset you have, your angel check should be about $2,000. So dog over here next to me, you're writing $50,000 checks. […]

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

Apple Podcasts (US)

5.0 / 5

2 ratings

Spotify

5.0 / 5

1 ratings

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Books guests

Based on episode analysis; this does not confirm that the show is currently accepting guests.

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