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So A Blogger Walks Into A Bar…

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11–20 of 258 posts

Re: So A Blogger Walks Into A Bar…

#11
post #9

I do hope he's wrong, or that this a mistake of some sort. The rise of Angel investors has seen a lot of ideas and entrepreneurs get needed money when they might not have under the traditional VC model. Something like this, if true, will cause the government to step in, and probably regulate and change things for the worse for a great many people. It won't just hurt these few super angels. It will take everyone with…

I believe the saying that applies is: "Power corrupts..."

Re: So A Blogger Walks Into A Bar…

#12

@icey: can u change the title to something that explains the nature of the post? Something like "Super-Angels Colluding to Keep Valuations Down." I know u just kept the original headline, but it's confusing for people who haven't read the post. Just a request. 'Tis a VERY important thing for all to read in the community.

People should read posts before they comment. Besides, I think the top post usually gets clicked on, especially if it has a weird title.

"What's all the buzz about?"

Re: So A Blogger Walks Into A Bar…

#13
In what sense do antitrust laws apply to investors? Why is it unlawful for investors to band together to get better terms for themselves?

Wouldn't it be perfectly legal for these people to sit around a table an agree to merge and start a fund? If that's the case, how could it be unlawful for them to work on a joint venture? Just because I don't like the JV doesn't make it unlawful!

Re: So A Blogger Walks Into A Bar…

#14
There's only half the story here because Arrington isn't naming names.

It was a meeting of a group of people in a semi-public place, I don't see why he hasn't named who was there:

"So, I went into the restaurant to find Dave, Ron, Jeff, Mike, Josh, Chris, ..." (I'm just naming, um, random first names here folks for the purpose of illustration!)

He's clearly running a power play around the identities...

Re: So A Blogger Walks Into A Bar…

#16

@icey: can u change the title to something that explains the nature of the post? Something like "Super-Angels Colluding to Keep Valuations Down." I know u just kept the original headline, but it's confusing for people who haven't read the post. Just a request. 'Tis a VERY important thing for all to read in the community.

Just a request. Can you spell your words out if you're over the age of 13?

Re: So A Blogger Walks Into A Bar…

#19

@icey: can u change the title to something that explains the nature of the post? Something like "Super-Angels Colluding to Keep Valuations Down." I know u just kept the original headline, but it's confusing for people who haven't read the post. Just a request. 'Tis a VERY important thing for all to read in the community.

[deleted]

Re: So A Blogger Walks Into A Bar…

#20
On the flip side, are valuations becoming over-inflated? I also think it's entirely appropriate for this group to be discussing strategies to increase their competitiveness versus YC, newcomers, and VCs. The real sinister claim is that they were talking about "more mundane things, like agreeing as a group not to accept convertible notes in deals." I wonder how that will pan out now.
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