Rant: People sometimes use the term “angels” loosely and it really is upsetting, here’s why...
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2) Anyone who invests *other people’s money* is NOT an angel. Even if they are early stage. They are seed investors, sure. Angels? No.
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At this point usage has shifted. Ron Conway started a fund called Angel Investors LP in 1998. He won a Crunchie for "best angel" in 2009. And if Ronco doesn't exemplify current usage, who does?
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Don't we use 'syndicate lead' to describe this function? Angel still means your own money. Ron is an angel who runs a syndicated fund that he co-invests with, no?
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I complained to TechCrunch every time someone won a Crunchie who wasn’t an actual angel. Including Ron’s. I would say
@kevinhartz,@mlevchin,@jhong,@edyson -
Those are some examples but there are a lot more. Many angels are becoming fund managers or acting as a scout. Some are syndicate leads while also writing their own checks.
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