Early stage investment is usually paying below-market salaries of entrepreneurs — that is, doing exactly what the government would, except the government doesn’

Early stage investment is usually paying below-market salaries of entrepreneurs — that is, doing exactly what the government would, except the government doesn’t take a big cut of your startup. Additionally, the government doesn’t require you to network with the right people, come from the right subculture, etc. Do you want your “taxes” to go to the needy or the wealthy? Because in startups angel investors are capturing bigger percentages of the capital from your labor than the government.