I'm a little confused by what Jordan is questioning here. This is basic market economics isn't it? Deal is hot, angel wants to get in, deal gets a high valuat

I'm a little confused by what Jordan is questioning here. This is basic market economics isn't it? Deal is hot, angel wants to get in, deal gets a high valuation. If one angel didn't give it a high valuation, the deal would just go somewhere else and get funded. Is it setting itself up for future disappointment leading to a down round? Maybe, maybe not. And if it is, then the market will correct itself over time when angels see that none of their high valuation deals are getting funded. Maybe that's what Jordan is trying to do? Force a correction by talking sense into people?