Yesterday, we featured a famous speech by Charlie Munger, one of the world’s most savvy and successful investors. Let’s stick to the investing theme for this weekend and seek advice from another world-famous investor today, Paul Graham.

As you may remember, we’ve already featured several Paul Graham essays in previous issues, but we haven’t heard from him yet, at least not explicitly, on the topic that he arguably knows more about than almost anyone else on the planet: angel investing.

Today’s nugget is a classic of the genre, and a must-read not only for budding angel investors, but also for founders and anyone else who is interested in technology startups.

Read on to learn why you shouldn’t worry too much about deal terms, how to pick winners, what makes for a great founder, and how to attract a strong deal flow!