Y Combinator Trying To Help Proto-Investors

Paul Graham of Y Combinator is putting on an event called AngelConf that hopes to show prospective tech and business investors how it all comes together. The event will be held on March 5th at Y Combinator’s office in Mountain View, Ca. and will be free of charge, although you’ll need to request an invitation from its homepage.

Silicon Valley has many wealthy tech veterans eager to try their hand at funding a new startups. Unfortunately, most never get off the ground due to the complexity of the business. Graham believes only a small fraction of people capable of investing actually do so. And he’s found through experience that the number of startups emerging is directly related to the amount of angel funding available. Even a slight boost in the number of angel investors could be a boon to the startup community as a whole, especially in light of the economy.

According to the conference’s website AngleConf will bring together some of the Valley’s most prominent investors and hopefully help give rise to a new wave of startups. Some of the questions the gathering aims to answer will be; how much are you supposed to invest, what legal agreements do you need, where do you find startups to invest in, and ultimately, how do you pick winners?