# So An Angel ... Oh Never Mind!

By [Continuations](https://continuations.com) · 2010-09-22

angel investing

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[Mike Arrington](http://www.techcrunch.com) kicked off a tempest in a teapot yesterday with his harmlessly titled post “[A Blogger Walks Into a Bar](http://techcrunch.com/2010/09/21/so-a-blogger-walks-into-a-bar/)” that alleges a price fixing conspiracy for angel investing.  I don’t claim to know what happened at the meeting, but I fully concur with [Fred’s assessment](http://www.avc.com/a_vc/2010/09/collusion.html) that there is no evidence of any fixing (only the opposite).  Also, the idea that a small number of individuals could collude meaningfully in the early stage market – even if they wanted to – is bogus to begin with.  There are way too many participants in that market for that to ever work!  
  
Finally, I do know at least two people who participated well - [Bryce Roberts](http://oatv.com) and [Dave McClure](http://500hats.com).  We are co-investors with both and they are **terrific champions** for entrepreneurs.  Which, by the way, doesn’t mean that they won’t sometimes complain about valuations - we **all** do!  You can and should read Bryce’s comment on the matter [here](http://www.businessinsider.com/angel-collusion) and Dave has a great [post](http://500hats.typepad.com/500blogs/2010/09/fire-in-the-valley.html).

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*Originally published on [Continuations](https://continuations.com/so-an-angel-oh-never-mind)*