Good quote from pg (last paragraph):<p>"When people write the history of Silicon Valley 20 years from now," says Graham, "the true impact of Google could come more from all the things that Google people go on to do after they leave Google."
These people definitely have the money, and probably the brains. The question is: is that enough?<p>Because I doubt many of them are entrepreneurs by vocation. Otherwise they wouldn't have been G. employees in the first place, working in their own startups instead. So I guess many of them are angels because "that's what you do if you have money in the Valley".<p>So, how important is being an entrepreneur for the success of the company you are funding? Maybe they should've stayed employees? Or as long as you have the money and the brains, you're a good angel?<p>I guess we'll find out. If nothing else, it will be a great experiment - I would love to see the final statistics.
<i>Ron Conway, one of the Valley's most active angel investors, who has backed 190 companies</i><p>Anyone happen to know if that number accurate? It seems like, given the length of time he has been investing, that number would be higher.
Not really sure why Google doesn't setup their own version of YC, and fund their own people's startups...
Take 5-10% for 20k-30k and let their people have a go at it.