Thursday, March 24, 2011

Venture Capitalists May Hate AngelList, But They?re Still Using It

AngelList, a sort of social network that brings entrepreneurs and investors together to talk about and fund deals, is more controversial than the average Joe might think. But one thing's clear, top tier venture capitalists are using the site to find companies. OATV Partner Bryce Roberts recently unsubscribed, citing too much noise in the email flow from the site, as well as a personal issue with the herd mentality of investors around certain deals. That created more yelling and personal attacks by bloggers than I've seen in a while (much of it rounded up here). Most of the small angel investors I talk to love AngelList because it gets them information on some deals, and information is hard to come by when you aren't a celebrity investor. But when I ask more well established investors about AngelList, they usually reply with something like "meh."

Source: http://feedproxy.google.com/~r/Techcrunch/~3/i0CQzJSCuB0/

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