[electric]

"But that usually implies an individual person"

Not really... http://www.bandangels.com/ What's the difference between YC and these guys? Maybe in the amounts invested.

[pg]

These angel groups usually have a different structure. You go and present to them and the angels individually decide whether they want to invest. Whereas YC itself is the investor in the startups we fund, as with a VC firm.

[electric]

Ok and I guess this is a lot different too... (the mgmt team bit)

Q: What does the Band look for in their initial review?

As with most venture funds, the Band seeks to invest in companies with a strong management team, unique technology and a large potential market.