Agree, most people are not going to have access to the better plays because they are not accredited investors and do not have the network and connections that put them in the right rooms. If you are not an expert in a specific field or area, stick to lower risk more diversified playsSomeone instantly at $1 million NW with no experience should avoid Angel Investing. They're competing with much higher NWs who have greater experience in a market that isn't very clear. Higher NW with more experience (esp running their own business) is a different story.
Suggest SEC website on Angel Investing to start.