I recently came to the rescue of a startup in crisis. The idea was solid: The company wanted to develop heavy-duty drones that could assist firefighters in battling wildfires. What its founders lacked, as many first-time entrepreneurs do, was real-world business experience. By the time I got involved as an angel investor, the company was entwined with two other investors who had no idea what they were doing. It truly seemed like everyone involved was in over their heads. As a serial entrepreneur and angel investor, I’ve seen a lot of bad ideas work, and a lot of good ideas…

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