I think this is a well meaning but misplaced assessment of Chris's goals. I thought his point was more along these lines:
Angel Investors are helpful for the resources the provide. One is financial and two is non financial (intellect/network connections etc) It seems like Chris has decided that the focus at YC companies has become too much on the former and not on the latter. He seems willing to reduce the amount of value he receives via the monetary piece (not less dollars, smaller valuations) in exchange for much higher value on the non monetary piece. "I'll give you a lower valuation in the hope/expectation that you'll be much more vested in our success and thus leverage your non monetary resources towards our success."
In a nice reinforcing circle: by taking a lower valuation he creates, or perhaps reinforces, the right economic incentives to do that.
On a side note I thought he was extremely brave to challenge the system with his original post.
Angel Investors are helpful for the resources the provide. One is financial and two is non financial (intellect/network connections etc) It seems like Chris has decided that the focus at YC companies has become too much on the former and not on the latter. He seems willing to reduce the amount of value he receives via the monetary piece (not less dollars, smaller valuations) in exchange for much higher value on the non monetary piece. "I'll give you a lower valuation in the hope/expectation that you'll be much more vested in our success and thus leverage your non monetary resources towards our success."
In a nice reinforcing circle: by taking a lower valuation he creates, or perhaps reinforces, the right economic incentives to do that.
On a side note I thought he was extremely brave to challenge the system with his original post.