Live: Y Combinator’s AngelConf on how to invest (in a bad economy)

Seed-stage venture firm Y Combinator is hosting AngelConf, an angel investor conference, today at its headquarters in Mountain View, Calif. Cofounder Paul Graham and company have brought together would-be investors with Silicon Valley pros in the hopes of getting more people with money to explore the wild and sometimes extremely profitable world of startups and innovation.

The place is packed, despite a bad economy and widespread fear about the country and world’s economic future. A long list of successful angels will be holding forth this afternoon on topics such as how to pick winning startups, figuring out how much to invest, and much more.

If you’re looking to put money into the next big thing, tune in to the live video feed of the event, below, courtesy of Justin.tv. For those not familiar with angel investing, angel investors are wealthy individuals who put small amounts of money — typically amounts in the six figures — into promising young startups.

Some more details from the event’s homepage:

Have you thought about investing in startups, but didn’t know how? You’re not alone. Investing in startups seems mysterious and difficult. How much are you supposed to invest? What legal agreements do you need? Where do you find startups to invest in? How do you pick winners?

AngelConf was designed to answer these questions. Silicon Valley’s most prominent angels have generously agreed to spend an afternoon explaining the secrets of angel investing, from mundane matters like deal terms to questions we all still wonder about, like how to tell which startups will succeed.

Speakers and panelists include: Michael Arrington, Paul Buchheit, Jeff Clavier, Ron Conway, Michael Dearing, Paul Graham, Carolynn Levy, Dave McClure, Page Mailliard, Mike Maples, Ariel Poler, Naval Ravikant, Aydin Senkut, Jim Young, and Andrea Zurek