Yes. They are running scared of the growing threat of the Ylluminati. But since they have 100% of all the deals, they also seem to co-invest(?!?). These anxi

Yes. They are running scared of the growing threat of the Ylluminati. But since they have 100% of all the deals, they also seem to co-invest(?!?). These anxious (yet all-powerful) group of angels and this unstoppable new seed-stage prominence. They form a closed loop. A loop closed off to venture capitalists and angels not at that meeting ... which is basically everybody. Except Michael. He got away with his life intact and lived to warn us all. Actually, I don't know what's scarier - the supposed collusion or the subtle dread that Y Combinator is supposed to evoke in my mind as I ponder the possibility of this event being true. If it is true - maybe we should be side with these poor angels and help them before it's too late. To paraphrase Woodrow Wilson, "Since I entered (angel investing), I have chiefly had (angel investor's) views confided to me privately. Some of the biggest men in the (Valley), in the Field of (IT) and (Venture Capital), are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it." That something ... is Y Combinator. Um ... no. The dark side doesn't suit you, Y Combinator. Please stop. I'm sorry. Maybe I've had too many beers tonight. But this is the kind of scenario that only comes out of the mind of a silicon valley PR firm. (please don't downvote me too much ... I'd like to get above 100 karma points just once for a change! Noooo!)