Tech stocks have been on a tear. In the last ten years, the NASDAQ Composite -- an index that tracks the 3,000+ companies listed on the exchange, many of them in the technology , media, and telecommunications (TMT) sector -- returned 394%, compounding at 17.3% per year.
Suffice to say, tech companies are eating the world, and Silicon Valley is having a field day. Hundreds of the Valley's venture capitalist-backed start-ups made their public debut last year, including household names like Duolingo (NASDAQ: DUOL) , Bumble (NASDAQ: BMBL) , Robinhood (NASDAQ: HOOD) , Udemy (NASDAQ: UDMY) , NerdWallet (NASDAQ: NRDS) , and Affirm (NASDAQ: AFRM) .
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Why Do Angel Investing When Big Tech Will Suffice?