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Answers ( 1 )
So, since I'm not an angel investor myself, I don't have an opinion one way or another. I did a little research and it looks like the consensus is.... maybe.
U.S.News says beginners should diversify.
https://money.usnews.com/investing/investing-101/articles/how-to-become-an-angel-investor
Brandon Gadoci cites Ben Graham when he says to hold 15 investments
https://medium.com/@bgadoci/diversification-for-angel-investors-188b02215454
Here's a great discussion about diversification on Quora
https://www.quora.com/How-important-is-it-for-an-angel-investor-to-diversify-their-portfolio
buuuuut.....
This study shows that overdiversification dilutes the effectiveness of angel investing
Journal of Business Venturing September 2020
This interview discusses how many is too many.
https://seraf-investor.com/compass/article/angel-investing-whats-magic-number
And this one talks about the importance of careful investing.
https://seraf-investor.com/compass/article/apples-oranges-and-rotten-tomatoes-owning-diverse-portfolio
So really, it's up to you and your comfort level.
Every source I read said angel investing should never consume more than 10% of your investing portfolio, no matter what level of diversity you prefer.