The "brand name" investors are exactly the ones that don't "chillax". Casual angel investors usually lose money. The ones that have strong deal-flow don't get

The "brand name" investors are exactly the ones that don't "chillax". Casual angel investors usually lose money. The ones that have strong deal-flow don't get that by just occasionally showing up in Mountain View with a checkbook. Also note that most of the "super angels" at this point are really just mini-VCs. Conway, McClure, Sacca, et al are mostly investing other people's money.