This behavior of the VCs towards angels is as old as the hills. They want control and will screw with anyone who stands in their way. In fact, I have long specu

This behavior of the VCs towards angels is as old as the hills. They want control and will screw with anyone who stands in their way. In fact, I have long speculated that a requirement to make partner at some firms is how smooth you are when screwing over a founder or angel. The truth is that the smaller investors don't have leverage. And so they swallow hard and sign the paperwork. I applaud YC trying to stand up for the little guy, but I fear they will be unable to fight the seduction of founders of hotshot companies by big-name big-money VCs whispering sweet nothings into their ear.