A few months ago, I sat down to talk with Naval because of problems that I was seeing with a lot of garage stage startups that were showing up at Hackers and Fo

A few months ago, I sat down to talk with Naval because of problems that I was seeing with a lot of garage stage startups that were showing up at Hackers and Founders. We talked for a few minutes about how I thought that early stage funding was the definition of an inefficient market. He stopped me, mid sentence, turned his laptop around and showed me what they were building on Angel List. I was floored. It's exactly what the article talks about: a marketplace for startups to sell equity. This is revolutionary, and because of it, there are going to be thousands of startups in the next few years that will have access to capital that never would have gotten funded otherwise. Silicon Valley is going to be a very interesting town in the next couple of years.