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It's a great idea - grass-roots investment is very appealing - but unfortunately I think the main thing that angels bring is not money but contacts and experien
by 10ren 16y ago
It's a great idea - grass-roots investment is very appealing - but unfortunately I think the main thing that angels bring is not money but contacts and experience.
This might work with YC-alumni, though they probably they probably don't have enough contacts/experience yet... but they definitely have quite a bit already, and it's growing, and will only continue to grow.
In fact, far from being a result of this meeting, this growing power is one of the causes of it (as noted in the article.)
- electromagnetic 16y agoYC is an experience mill as of itself. It's only going to be so long before it hits a sort of critical mass that the angels won't be bringing in more contacts or experience than YC is already self-networking to its start ups through the virtue of being YC.