-3 karma · joined April 16, 2008
This is really an extremely easy test to get right if we think for a minute.
I could say that for the majority of the time, face to face communications are what's failing people. It's inefficient and limiting for so many purposes.
There are times when I get more satisfaction from talking in person. When talking to the opposite sex in a non-work capacity or having beers with the guys or doing sports. For the first of those at least, 95% of the world doesn't live within constant reach of enough people to keep it interesting.
It is natural to be concerned about competitors, but everyone who is being abrasive to these other angels for copying a couple aspects is harming the angel investment community overall. YC is just a couple people with a couple MM, they can't fund everyone.
Bonus similarities: appealing to the young, first session occurred immediately after google's finished, setting up mailing list forum for those interested, primary announcement occurred on slashdot.