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Angel in Hell
How to invest in a startup without losing everything
by Lech Kaniuk
Last updated: April 2026
The first book from an angel investor's perspective.
The first book written from an angel investor's perspective. Over 200 pages of practical knowledge about investing in startups β from the first meeting with founders to exiting the investment. Lech Kaniuk describes the behind-the-scenes of 40+ investments: what makes some startups win while others die. No sugarcoating.
Table of contents
- β Word from the author Free
- 1 Introduction β Angel in hell Free
- 2 Why do you need a business and do you really need an investor? Free
- 3 Glossary and Venture Capital Funds
- 4 Fund structure and exits
- 5 Raising capital
- 6 Getting an investor
- 7 Negotiations and post-round
- 8 Exit
- 9 Documents
Chapters 3+ require a free email unlock. One email unlocks all books.
What readers say
"Finally a book that says it straight: investing in startups is not a lottery, it's a craft. Lech shows you how."
"I read it in one sitting. Every chapter is a concrete lesson from real deals."