Depending on when you walked into the room, you could have heard a rousing speech on how angel investors have eclipsed venture capitalists in driving innovation or a sober discussion of why VCs and angels need to work together.
That keynote and panel at Thursday’s 2010 Angel Capital Association Summit in San Francisco, on the heels of the National Venture Capital Association’s annual meeting in Silicon Valley, illustrated the range of sentiments flying around as both types of investors rethink their models.
The three-day angel event drew more than 400 investors from across the U.S and nearly 50 other countries. An informal electronic poll of attendees found that 48% sometimes look for investments that subsequently will require venture capital and 55% thought relations between the two groups are okay but have room for improvement.
To read the full, original article click on this link: Friend Or Foe? Angels, VCs Debate Who Has The Upper Hand - Venture Capital Dispatch - WSJ
Author: Russell Garland
