You don’t have to be a VC to do the math. Someone had just offered in one meeting-- make that half a meeting-- to create possibly the world’s first $1 billion seed fund, existing entirely for the purpose of backing AngelList syndicates. A unicorn-sized force of funding within a single startup, if you will. That would be the very definition of a good problem to have.
Ravikant’s response: Something almost no one in the Valley seems to be able to do right now, but something in keeping with every move he’s made since the beginning of AngelList. He turned it down.