For Start-Ups, How Many Angels Is Too Many?

"Seed investing is the status symbol of Silicon Valley," said Sam Altman, president of YCombinator, the start-up accelerator that has birthed companies such as Airbnb and Reddit. "Most people don’t want Ferraris, they want a winning seed investment."

By MIKE ISAAC

Full Story: http://www.nytimes.com/2015/07/07/technology/for-start-ups-how-many-angels-is-too-many.html?hp&action=click&pgtype=Homepage&module=second-column-region&region=top-news&WT.nav=top-news&_r=0