Someone, a person who was at the meeting informed Arrington about the negative purpose of the conversations. So either that person was lying to Arrington and Ar

Someone, a person who was at the meeting informed Arrington about the negative purpose of the conversations. So either that person was lying to Arrington and Arrignton to the readers or Sacca is telling half truths. Look at the first reporting on AngelGate. Michael Arrington says he got the content of the meetings from multiple sources: >This group of investors, which together account for nearly 100% of early stage startup deals in Silicon Valley, have been meeting regularly to compare notes. Early on it was mostly to complain about a variety of things. But the conversation has evolved to the point where these super angels are actually colluding (and I don’t use that word lightly) to solve a number of problems, say multiple sources who are part of the group and were at the dinner. According to these souces, the ongoing agenda includes: Complaints about Y Combinator’s growing power, and how to counteract competitiveness in Y Combinator deals etc...