This Man Is Putting Millions In Startups' Pockets -- And Scaring VCs To Death - 1 views
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Gary Edwards on 04 Mar 11AngelList is turning Silicon Valley upside down. It's basically Match.com for startups and business angels, and startups are raising millions from angels on the site almost every day, leaving VCs to scramble for dealflow and paying higher valuations. Not everyone likes it: last week O'Reilly AlphaTech Ventures partner and Foursquare investor Bryce Roberts publicly left the site, saying it encourages a herd mentality. Meanwhile prolific startup investor Dave McClure says it's the most innovative thing to happen to startup funding since Y Combinator in 2005.