I agree having large check sizes does change the culture of this game. The filter function being talked about here is really just about the general concept of a

I agree having large check sizes does change the culture of this game. The filter function being talked about here is really just about the general concept of a moral hazard (https://en.wikipedia.org/wiki/Moral_hazard https://en.wikipedia.org/wiki/Moral_hazard). Just like with insurance deductibles, there has to be a way for founders to be committed and share in the risks significantly. Does that mean they need to be starving? No. But it does mean they need to at least incur a large opportunity cost (relative to working at FAANG for example).