AngelList is a marketplace. Marketplaces win because they attracts the best sellers (the companies), and so long as there is competition, the buyers (the investors) will have no choice but to participate.
Investing is a two-sided affair. I'm not really sure where Bryce is going to get his dealflow from if he sits on the sidelines of AngelList as the service itself explodes, attracting all the best companies.
The only companies not on AngelList are the ones that don't quite understand how the service works. As an entrepreneur, the more you understand AL, the more you like AL.
One is not better than the other. There are people who follow stocks that Warren Buffett buys. And then there are people who stick to their own strategy. In a marketplace there's room for every type of investor. One could even go contrarian and only invest in companies with zero social proof.
The bet Bryce is making is that the more profitable deal flow for OATV involve companies who are looking for different kinds of investors than they're likely to find via AL.
> The only companies not on AngelList are the ones that don't quite understand how the service works.
Investors aren't the only ones prone to herd mentality.
AngelList is a marketplace. Marketplaces win because they attracts the best sellers (the companies), and so long as there is competition, the buyers (the investors) will have no choice but to participate.
Investing is a two-sided affair. I'm not really sure where Bryce is going to get his dealflow from if he sits on the sidelines of AngelList as the service itself explodes, attracting all the best companies.
The only companies not on AngelList are the ones that don't quite understand how the service works. As an entrepreneur, the more you understand AL, the more you like AL.