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Just curious: what is YC's motivation for hosting AngelConf?

• vaksel 18y ago
  more angels = more money to invest into YC companies after graduation. i.e. in the talk they pretty much covered that VCs mostly want to invest in the million dollar range. In this day and age a lot of startups simply don't need that much money
  • ivankirigin 18y ago
    This is tied to the the root motivation in YC: do good for society by enabling more startups to exist. That's is a side effect not directly tied to investments in YC companies, as new angels will certainly also invest elsewhere. This isn't to say you're wrong. More investors in YC companies is a direct motivation for the conference.
  • deleted 18y ago
    [deleted]
• pg 18y ago
  It was pretty clear that for every actual angel in the Valley there were another 10 who could be good angels, but hadn't tried it because it seemed like a schlep. I know because I was one myself. And yet angels are the limiting reagent in the Valley. So it seemed like a case where with a comparatively small amount of effort we could have a big effect on the world. Sort of like YC itself, actually. The idea behind YC is that there are 10x more people who could found startups than do, so by applying a little help at the hardest point, you can significantly increase the number of startups that get started. Things like the series AA paperwork and Angelconf are that for angels.