I thought this was an interesting claim: > Angels are the limiting reagent in startup formation. I'd like to claim that I would have started startups even if

I thought this was an interesting claim: > Angels are the limiting reagent in startup formation. I'd like to claim that I would have started startups even if YC didn't accept Xobni for the summer of 2006 class. I had already failed at a half-startup. I was doing consulting for another startup called Siteadvisor. Etc. Yet YC was the catalyst for dropping out of grad school. Paul certainly gets a unique view into startup creation. I just wonder what the second and third order terms are of this equation.