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That's an unrealistically high standard and I can't think of any recent case which would meet it. Why didn't the market find a solution to Microsoft in the 90's
by dschobel 16y ago
That's an unrealistically high standard and I can't think of any recent case which would meet it. Why didn't the market find a solution to Microsoft in the 90's or Intel in 2000's and, more importantly, why did the Feds feel the need to intervene?
- tptacek 16y agoMicrosoft owned the entire personal computing platform and was using it to put new companies in marginally related markets out of business. Are you suggesting that 10 angel investors have control over all the money? Is one of them Lex Luthor?
- dschobel 16y agoI'm not suggesting it, Arrington flat out said it. He was there and knows the VC players better than anyone.
- blueben 16y agoBecause bay area technical angel investing isn't just about writing cheques. It's about managing and guiding those startups, helping them find the resources they need. It's about leveraging your connections throughout the industry to help them grow sales, build manufacturing, hire talent, or any of a hundred other things. This is why startups go back to these handful of investors over and over again. Founders aren't stupid. They know these investors wield serious power in the tech world, and they want that power to be on their side. If you think the only requirement to being an angel investor is having a big bank account, you haven't been paying attention.