Part of the problem with the characterization of "Angel Gate" is that it is so hard to say what collusion among angel investors would look like, and even if it

Part of the problem with the characterization of "Angel Gate" is that it is so hard to say what collusion among angel investors would look like, and even if it occured, if collusion as independent organizations would be sustainable. There are lots of pools of angel investors around the country, I didn't see "angel gate" as anything different then a precursor to forming some sort of investment pool. Those independent or newly pooled investors would still have to compete with VCs, other pools of capital, private investors and a number of other smaller investors.