"As if they owe anybody anything! They're the ones taking the risks with their own money;" Right. And I'm sure they're all doing it out of the kindness of the

"As if they owe anybody anything! They're the ones taking the risks with their own money;" Right. And I'm sure they're all doing it out of the kindness of their hearts. They're definitely not intending to make money off of the deal. Regardless, Arrington accuses them of discussing: * How the group can act together to keep traditional venture capitalists out of deals entirely * How the group can act together to keep out new angel investors invading the market and driving up valuations. This is definitely sounds anti-competitive to me (assuming it's true of course).