Report: Silicon Valley 'Super Angels' Caught in Secret Meeting to Muscle Out VC Competition

TechCrunch founder Michael Arrington accused a group of “super angel” investors of collusion and price fixing in a post Tuesday night.

Arrington claims that he walked into a “secret meeting” of around ten investors responsible for nearly all of the early stage startup ventures in Silicon Valley who were pooling their resources to muscle traditional venture capitalists out of early stage deals, keep new angel investors out of the market, and combat the growing influence of startup incubator Y