• This is a difficult post to write, because I call nearly every person in that room a friend. But these actions are so completely inappropriate it has to be called out.
• Michael “something happened somewhere” Arrington • Describing a situation which potentially sounds very damaging to a number of angel investors in Silicon Valley. The way Arrington describes it, and he was careful not to name names, was that a group of investors were discussing ways to wield their collective influence to prevent venture capitalists from swooping in, or Y Combinator from getting too much power in the startup sphere. If true, these acts are illegal. Arrington reportedly heard about the discussion, showed up, and watched the room go quiet on him. Caught? source

Posted by Ernie Smith • Permalink