3 ms·
My first thought is that YC considers 2 to not not be a conflict of interest because of 1. They don't need more funds for their startups; this is just a donati
by ErikVandeWater 9y ago
My first thought is that YC considers 2 to not not be a conflict of interest because of 1. They don't need more funds for their startups; this is just a donation of knowledge to the world to help Angel Investors get more money to the right startups, (presumably) making the world better for everyone.
- hkmurakami 9y ago2 is not a conflict of interest because increased capital supply means better terms for their companies. YC's interests lie first and foremost with its own funds (its LPs) and its batch companies. Increasing the competition for dealflow amongst angels does not conflict with _their_ interests. It will however likely suppress returns of existing angel/seed investors, as deal values are inflated. Fwiw the timing of this makes sense. We are seeing reports of the angel/seed market drying up as the wave of post 2010 first time angels have lost their enthusiasm (or capital), and seed fundraising in 2018 is much much harder than in 2015.