TechCrunch Blogger Walks in on Conspiracy

Michael Arrington reportedly walked in on a conspiracy – and not just the usual stuff

By Sarah Jacobsson Purewal, PC World |  Internet, Michael Arrington, venture capital

Conspiracy. Danger. Intrigue. A top-secret venture capitalist cartel involved in collusion and price-fixing.

That's what TechCrunch blogger Michael Arrington believes he walked in on this week at San Francisco wine bar Bin 38. Well, minus the danger part - this is Silicon Valley, after all, not Medellin, Colombia.

Arrington blogged late Tuesday about how he was tipped off about a "secret meeting" between Silicon Valley "Super Angels" being held at Bin 38. He was also told that he would "not be welcome." Of course, he went anyway - and apparently walked in on some pretty big stuff.

Arrington reports that he walked in on 10 or so of the highest-profile angel investors in Silicon Valley - all friends of his, and all responsible for "nearly 100% of early stage start-up deals in Silicon Valley." The confrontation was brief - Arrington was not welcome, and his presence was met with "deafening silence."

Apparently at least three of the people at the meeting were willing to talk with him about what went down. Arrington says the investors have been meeting regularly to "compare notes." Such notes involve everything from complaints to what Arrington believes is actually collusion:


Originally published on PC World |  Click here to read the original story.
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