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- A Conspiracy Worthy of Oliver Stone
Tech blogger Arrington stirs up a hornet's nest with allegations that “Super Angels” were in collusion and trying to set a ceiling on valuations
- Investor conspiracy theory grips Silicon Valley
Tech blogger Arrington says investors plotted, while angel Conway chastises others
- Q&A with Chris Douvos
The managing director for Investment Fund for Foundations talks micro VC funds
Q&A with Chris DouvosThe managing director for Investment Fund for Foundations talks micro VC funds
- Super Angels Continue to Thrive
Floodgate Fund closes a new “super-angel” fund as Dave McClure aims to do the same
- Etsy: Another Sign Angels Are More Willing To Cash In Early?
As valuations steadily rise for consumer Internet startups, angels appear to be increasingly willing to take some money off the table by selling to secondary investors eager to buy into those companies. That seems to have been the case last Thursday when crafts e-commerce site Etsy raised a $20 million series E round led by Index Ventures. The new round was not driven by founders or VCs looking for liquidity, but instead was “angel liquidity driven,” Fred Wilson, a principal of Union Square Ventures (an Etsy investor), wrote on his blog http://www.avc.com/a_vc/2010/08/angel-liquidity.html last Friday. Wilson went on to write that “the main point of this post is we are seeing that angels can get liquidity via these secondary transactions. They don't need to wait for the sale of the company or possibly the IPO. That is a very good thing, for the angel/seed sector, and for the overall venture capital market.”
- Executive moves, week of Aug. 30, 2010
Hires, promotions and personnel changes at 500 Startups, Sequoia and other VC and PE firms
- Angels come out in droves for Demo Day
VCs wonder if another bubble is forming with Internet startups that cost next-to-nothing to launch