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Comment by jaequery | Hacker News Reader

"You don't have to have your advisors ready yet. Set-up your profile as fast as you throw your Launchrock page up."

This strategy won't work for everyone. Angellist actually reviews every new published profiles to determine if your profile is worthy of being syndicated to their angels. This only happens once, when you hit publish.

If you just publish your profile w/ just a name and phone number, you put yourself in a hole where you now have to climb to get out.

So unless you are a "rockstar" and can easily get followers and the likes, I would advise not follow this approach.

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AngelList used to be like that but things have changed. =)

Most of the updates that investors receive are determined by who is involved in your company (advisors, investors, references) and the level of interest in your company (follows, intros). If you add people to your company over time, these notifications will still go out. So no need to have the ultimate profile when you publish -- I would still make it great though.

We still review every new startup because our algorithmic updates can't pick up every good startup. So your startup shouldn't look awful when you publish. If it looks promising, we'll ask you to ping us when you've made some progress. And, in any case, you can still ping us.

But I see a problem with this model.

I think the more startups apply, the less value angellist is going to provide to startups and investors. I think, that's pretty obvious. It's quality not quantity. I'm sure for sake of angellist, they want to get more users. But you can't have both, somewhere there has to be a sacrifice to be made.

Honestly, I hope angel list stays small. The more exclusive it gets, the better. I just don't want this place to turn into another myspace that is littered with millions of "me too" startups and profiles no body cares about. Then at which point, no one will take it seriously.

Who is involved? How is this helpful?

My company is myself and about five other developers and designers. Simply put, we kick ass. We have a great idea, have running code, and are, as a labor of love, making it work.

Now that we're thinking funding would accelerate things even more, what the heck can we do? We don't have advisers, we don't have investors and we don't have contacts.

What we have is a great idea and running code (and decades of development experience), something we're not keen to just broadcast to the world and have another well-funded company say, "Yeah, that IS a good idea, thanks!"

What can AngelList do for ME?

It's simple.

This is what they (investors) want you to do.

Come down to S.V., spend some time there (preferably move), and try to party crash into every tech meetups they have to connect and network. Get their business card, and add them as your facebook/linked in friends.

This is how it used to be and this is how it will still be. Angellist doesn't try to solve this one bit, yet I think.

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