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.
Top Silicon Valley blogger Michael Arrington 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 the 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.