View from one entrepreneur's seat: 1. Super Angels networking is expected, allegedly sharing deal terms (convertible notes, etc.) and allegedly working togethe

View from one entrepreneur's seat: 1. Super Angels networking is expected, allegedly sharing deal terms (convertible notes, etc.) and allegedly working together to try and lower valuations is definitely not representative of a healthy 'free' market. 2. Singling out a successful model and trying to replicate it and improve upon it isn't horrible, but allegedly singling out one entity (YC) trying to limit something inherently doing good by entrepreneurs is horrible. 3. Good or bad / legal or illegal, if this episode results in any increase of government regulation/oversight in any way for funding at this level then both sides lose. 4. This entire episode, for me, reinforces the need for start ups to go bootstrap, achieve revenue and profitability and then, if funding is proved to be needed down the road, go in with a stronger hand when you sit across the table from any funding source.