Friday, September 24, 2010

Angelgate

This week, either Michael Arrington caught an elite group of Silicon Valley archangels in the process of colluding to fix prices and terms for early stage investments, or merely crashed a casual discussion and get together by a group of friends at a Bin 38. Either way, a lot of highly active investors who were at the meeting are scrambling to do some damage control.

It's stories like this one that make me thankful I'm doing startups out here in the wilds of the Midwest. The egos are a lot smaller and it's possible to just do the work necessary to build businesses. You know, making things to sell and then selling them.

At any rate, someone has made the inevitable Hitler parody about the whole thing.

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