That's the difference that I think about re angel vs. VC. I think that outside of SV, this distinction is more valid, as the hybrid "we're a VC that wants to l

That's the difference that I think about re angel vs. VC. I think that outside of SV, this distinction is more valid, as the hybrid "we're a VC that wants to look/act like an angel" isn't as prevalent. Probably because the trend towards angels isn't as pervasive outside of SV. But I'm not really up-to-date on the inner workings of raising capital, so I could be wrong.