Is your batting average sufficiently high that 5 start-ups would be enough to get one 'winner' at the percentage you'd invest to make back your 100K?
Especially if you've never done this before I'd expect that you might need a bit more runway than just 100K. YC pulled it off to have reddit and loopt in their first batch but it did take the combined efforts of Robert Morris, Paul Graham, Trevor Blackwell and Jessica Livingston to decide on those five.
It may have helped that for none of them it was the only money they had.
I applaud you for being daring but typically the failure rate of start-ups is such that you'd need pretty deep pockets as an inexperienced and relatively unknown investor to make a go of it.
On top of that you'll be in competition with other incubators with more visibility which likely will attract the 'hot' ones first.
Especially if you've never done this before I'd expect that you might need a bit more runway than just 100K. YC pulled it off to have reddit and loopt in their first batch but it did take the combined efforts of Robert Morris, Paul Graham, Trevor Blackwell and Jessica Livingston to decide on those five.
It may have helped that for none of them it was the only money they had.
I applaud you for being daring but typically the failure rate of start-ups is such that you'd need pretty deep pockets as an inexperienced and relatively unknown investor to make a go of it.
On top of that you'll be in competition with other incubators with more visibility which likely will attract the 'hot' ones first.