Major tech investor Ron Conway has thrown a barrel of gasoline on the rapidly escalating scandal known as AngelGate, in which a group of investors are said to be trying to control valuations on Silicon Valley startups. Conway is taking serious exception to that alleged group.
A top Silicon Valley blogger has leveled explosive charges at some of the most influential angel investors in technology, alleging they are engaged in a conspiracy to collude and fix price levels for early-stage investments. At least two of the investors involved have denied Arrington's account.
The purchase of investment blog Abnormal Returns by Twitter-like Stocktwits may signal a new trend in online finance: It's called the real-time Web. Investors can get an instant snapshot of the sentiment of other investing pros by joining an immediate and constant online conversion.