| Let's turn that around for a second and look at it as though it is true: A bunch of 'angels' (for want of a better term, none of them were sprouting wings) get together in a bar but omit one of the regulars. They discuss in great detail the way in which they are going to 'corner the market' and convince each other that nobody will invest in any start-up over a certain price point. How long do you think that would fly in the real world. Before they'd been out of the door someone would have already decided to break the arrangement, it's the nature of the beast you're dealing with here, and besides, most if not all of the dealings between angels and their investment targets are confidential so you'd never know anyway. I wasn't agreeing with Arringtons view on this when I read it, I just interpreted it as 'wow, you take being marginalized quite badly', and this post pretty much confirms that that may be all there is to it. Hell hath no fury like a 'blogger' scorned it seems. It's not as though people need Arringtons permission to meet, and it's not as though every meeting that he isn't in on is automatically grounds for suspecting a cartel being formed. |