Angel investing is kind of a fad right now. Everyone's doing it. My gut instinct is that it's at least a mini bubble I disagree. I believe it's a long term tre

Angel investing is kind of a fad right now. Everyone's doing it. My gut instinct is that it's at least a mini bubble I disagree. I believe it's a long term trend that isn't going to change any time soon. Around 3-4% of the population in the SF Bay area are millionaires. The majority of those have probably created their wealth in Tech, so I think it's completely reasonable that the number of angel investors in the area could increase to the thousands. Right now, the Angel List only has around 450 angels listed, but that number seems to be growing quickly. Not only that, but when Facebook, Yelp, Twitter, LinkedIN decide to start IPO'ing, there's going to be a huge motivation for investors to try and find the next Facebook/Yelp/Google/etc... I'm sure the funding pipeline will slow down in a couple of years, but I also think that we're seeing a fundamental change in how Silicon Valley works.