Rayn Ong, an angel investor and founder of Archangel, shares his insights on early-stage investing in this episode of First Check. Rayn discusses his first investment in Blackbird Fund One and how he built his network in the Australian startup ecosystem. He emphasizes the importance of compounding value in both networks and investments. Rayn also talks about his investment strategy, including his focus on breakout companies and his approach to evaluating opportunities. He shares his thoughts on portfolio synergy and competition within his portfolio. Overall, Rayn's entrepreneurial approach to investing has led to his success in the industry.