there are several large investors who are put ting money on multiple startups but many of them are doing it blindly that probably happens because of lack of time he said even in the real estate market madan said there are plenty of opportunities today for people who are ready to look for them you need to cherry pick but the picking needs to be very careful with strong due diligence he said while investment in a startup may be a punt for many it is not just about returns some angel investors are also attracted to the sector due to the vanity and the media attention an investment attracts said an angel investor the philosophy of a typical angel investor is to invest small amounts in a large and diverse number of startups angel investing involves high risk and less returns said industry trackers while some hnis are investing the additional money in picking up stakes in startups others are going a step ahead and exiting from real estate private equity funds and selling property to fund startups these newage hnis are also investing in startups outside india anckur srivasttava chairman of genreal property advisers in gurgaon said he has looked at a few startup investing opportunities in recent months his incremental investments in real estate though have reduced as his previous investments have become illiquid the churning of money has stopped he said srivasttava points out that returns in real estate havent really come down but the timeline for these returns have stretched also with many investors unable to exit their older investments because of the slow market real estate as an asset class is not looking as great but smart investors are still investing in the asset class he said a ceo of the real estate fund said he has invested in three startups so far with an average investment of about rs 25 lakh the amount i am investing in real estate has reduced because of my older investments being stuck and startup is emerging as a new opportunity he said in a nutshell today no one wants to invest in real estate and everyone wants to invest in startups that was not the case three years back