I agree with this assessment. Sure it's linkbaity and Arrington has an ulterior motive of stirring up drama for page views, but at the end of the day it passes the smell test. Not necessarily that collusion occurred, but just that things may have been heading in that direction... it's probably a pretty gray area when you think about all the way that angel investments are structured and the diverse opinions among angles.
All the drama will probably blow over in a few days, and in the end both the super angels and entrepreneurs will be better off for this ethics-check having occurred.
All the drama will probably blow over in a few days, and in the end both the super angels and entrepreneurs will be better off for this ethics-check having occurred.