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Actually, what you're saying seems true according to PG's own "meta-trend" of founders of web startups becoming more powerful. Founders would be most powerful w
by garply 16y ago
Actually, what you're saying seems true according to PG's own "meta-trend" of founders of web startups becoming more powerful. Founders would be most powerful when they only need to raise money from friends and family - as it continues to become cheaper to start such a startup, why shouldn't the angel industry contract just as the VC industry is doing now?
- pg 16y agoThere's a lower bound on the cheapness: the living expenses of the founders and the people they hire. Few families could risk that amount of money on something as risky as a startup.