IMHO, Arrington misinterpreted the core purpose of the meeting and fanned the flames of damaging rumours across the Internet. Poor form if you ask me. It appea

IMHO, Arrington misinterpreted the core purpose of the meeting and fanned the flames of damaging rumours across the Internet. Poor form if you ask me. It appears that the first meeting was focused on improving the financing options for startups whilst the second meeting appears to have focused on improving the ROI for investors. Can someone explain why this is a problem? If angel investors don't make a good return after risking their own capital, their funds will be diverted elsewhere (as per the rules of a capitalist system) and that is a huge disadvantage to the startup space because valuations will still decrease anyway. Summary - angelgate is a non-story. Move on people. There's nothing to see here apart from another chance to procrastinate instead of working on your startup (which is highly likely to fail anyway)