Chris Yeh responds to Arrington's blog: Yes, there is a super-angel conspiracy

<p><pre><code> &#62;Even if we assume that Silicon Valley seed rounds only &#62;account for 10 percent of angel investing in the US, </code></pre> Surely they are way, way less than 10%. I mean tech is less than 10% of the US and the valley isn't the only place for angels. At 1%, which sounds more plausible, we are talking about controlling 50% of deals. That's not an innocuous number.<p>So, screw the 500,000 angels figure. Anyone with any actual knowledge want to tell us how much of the relevant market the top 10 angel firms control?

The article makes the false assumption that all angels are the same. Super-Angels aren't super angels purely because of the money they control, but rather their expertise and connections that make them the first choice for startups looking for investment.

This title is misleading...<p>"I’m not saying that angels don’t wish that valuations are lower (I certainly do). But there simply is no way that such a conspiracy could be effective, given the economics of the market."