Thanks PG for this essay. Some of the issue with the various mythologies (and more often than not, bromides) around seed/angel/VC is that they're based on histo

Thanks PG for this essay. Some of the issue with the various mythologies (and more often than not, bromides) around seed/angel/VC is that they're based on historical conclusions (that seem to have been arrived at in the late 90s early 00s), rather than a more forward-looking approach to what's changing (infrastructure costs, tech eating the world, etc.). As an angel, it seems pretty obvious to me the shape of the investing world is shifting, so it's nice to see it put so well.