[to_jon]

As entrepreneurs, we need both Conway and the Super Angels. It's time for everyone to get over these unfortunate meetings and forgive the participants. Enough is enough.

Did they do something wrong? Hell yes. But it's been exposed, examined, and discussed. Publicly stoning a group of angels represents the worst kind of mob behavior and reflects poorly on entrepreneurs as an investment class. Let's not forget that wealthy individuals have many different options for investing their money that historically have higher rates of return (i.e. make more money) than investments in startup companies. Many angels invest in startups because it's more fun than profitable. Let's not change that dynamic in spite of ourselves.

At the end of the day, we want angel investing to be the biggest game possible. It's a surplus of angel money that has put entrepreneurs in the driver's seat and made term sheets extremely favorable to founders. Fewer angels in the mix and the scenario can change quickly.

It's time to prove that we're better than a small group of angels who engaged in such unfortunate behavior. It's time to forgive and move on.

[JoeAltmaier]

Ok, forgiveness is keen, but its not possible to forgive criminal acts. It's not up to this community.

Personally I look forward to the shakeup. The money will find its own level, whether its this group of idiots or some other.