I readily, happily accept that dedicated seed-stage investors, &quot;angels&quot;, whatever we call them today, have different incentives and selection processes than &quot;venture capitalists&quot; in the Greylock sense.<p>I&#x27;m a little unclear on how the economics of seed-stage investors interlock with those of venture capitalists, and what level of influence VC decisions have over the whole ecosystem. But from the vantage point of a founder, modern seed stage investors seem like an unalloyed improvement.