Thanks for your thoughts. FYI, Open Angel Forum is a new group; I am applying to present at their first meeting. (They haven't invested in a competitor -- it's

Thanks for your thoughts. FYI, Open Angel Forum is a new group; I am applying to present at their first meeting. (They haven't invested in a competitor -- it's that the CEO of a competitor is also an angel and is one of the guys said to be one of the investors.) Jason (the founder of the angel group) has recruited lots of rich people (mostly successful entrepreneurs) together to hear pitches and invest in companies. So the group hasn't already invested in the other company in question; it does so happen, though, that one of the angels is CEO of a company in a similar space (competitor). However, I assume they all are making their investment decisions separately, and don't want to miss out on the chance to pitch to all the other great angels.