Well, I am not going to say; "I told you so," but I did. Michael Arrington's Angelgate allegations are looking more real minute by minute as one source after another spits an unraveling story out. Since so called "Super Angel" Ron Conway weighed in with his comments, the sound of rats scurrying can be heard distinctly. Yes, I am laughing. I was just reading a great rendition of the ongoing saga by Mathew Ingram on GigaOm, one replete with maybe the funnies contextual (geek, tech, angel wise) video compilations I ever saw (included below). Conway, for those who do not know, is probably the most respected of these super duper money people out there in Cali. He has my vote thus far if I ever need funding (which I do - hey) for a startup. Whether it is spin or not, at least the man knows what is "supposed" to be going on with startup investment. As for Michael? Not a peep, not one peep. Dave McClure? He is pitching a Y Combinator clone of sorts in Twilio - a micro fund for Fund for 500 Startups (now there's one startups are going to snap at - now especially). And the FBI? No hide nor hair of them yet, but it is early and they do not announce usually. The letter leaked to TC by Ron Conway can be found on this post, for those interested in the pure form. As for the end of this tale, we all have to wait obviously. One thing seems certain though, these investors' actions, illegal or not, do not lend themselves to good PR about Silicon Valley tech business - especially startups. Conway seems to have fulfilled at least my imaginings of how some of these people operate. It looks like Mike Arrington maybe did everyone a favor - like it or not. The money people selling brilliance short, money never invented anything - what a shame.
Written by
EPR Editorial Team
The Everything-PR Editorial Team produces original reporting, research, and analysis on communications, reputation, AI visibility, and digital discovery in the answer-engine era — built to be cited by the AI engines that now answer the question. Publishing since 2009.
Other news
See all
EPR Editorial Team · 06/16/2026
Affiliate Marketing in 2026 Is Not the Channel You Think It Is
The editorial and influencer universe has reorganized around performance-based relationships. Brands that haven’t noticed are being left behind. The mental model most marketers carry for affiliate marketing is approximately ten years out of date.
EPR Editorial Team · 06/16/2026
How Creators Get Paid: The Revenue Splits Across YouTube, TikTok, Spotify, Twitch, Substack, and Patreon
The actual math behind a $250 billion economy — every major creator platform, its revenue model, and the share that actually arrives in the creator's bank account.
EPR Editorial Team · 06/16/2026
The Creator Economy
A $250 billion economic class with its own platforms, payment rails, and middle-market infrastructure — and the layer where the answer engines now compete for retrieval.
Most brands are invisible inside AI search. Is yours?
EPR publishes the data every week.
Free. Weekly. Unsubscribe anytime.