>That is your point of view and not a fact. This sets up my next point. Okay. I was only saying that even though there are tons of startups, most startups are

>That is your point of view and not a fact. This sets up my next point. Okay. I was only saying that even though there are tons of startups, most startups are not very valuable. Given that everything follows a power law, I don't think this is just an opinion, but rather a widely held sentiment in the VC community, the Y Combinator community, and the wider SV community. In these clusters is where VC's or angel investors are spoiled for choice, they may not have perfect substitutes but they are pretty darn close. VCs and angels understand that it's not the idea, it's the team. There is most certainly clustering of ideas (i.e. crowdfunding, X-sharing, etc.) Yet VCs are by no means spoiled when it comes to choice of teams. There is a huge amount of variability when it comes to the quality of founding teams. The best founding teams will still get extremely high valuations, and mediocre teams will get no funding at all. >This is just not true. Angel Investing is damn hard I am well aware that angel investing returns suck. I'm not talking about those people. I'm talking about founders/employees who are now multimillionaires due to acquisitions/IPOs. You forget that every time a company has an exit of 30M-1B, you now have 3-10 multimillionaires. There are probably 50+ early Facebook employees who are now dabbling in angel investing after the IPO (lackluster IPO notwithstanding). >You are talking about extremes here again. This sentence does nothing to actually disprove my point. The whole economics of startup investing revolves around the extremes. So of course we need to talk about the startups at the 90th and 95th percentile. Your "average-case" startup never gets funding and fails, no matter what the economic condition is. >Yes, but wouldn't it make a better community if out of courtesy you did. I have seen people do it and i am impressed. It would be helpful, but the tone of your original post made it sound like a demand: "If can't then don't participate at all."