By Scott Austin
Angels – venture capitalists can’t live with ‘em, can’t live without ‘em.
On one hand, angel investors are increasingly sparking tension in the venture industry. They’re sparring with VCs on blogs and conference panels over the value they offer entrepreneurs, while battling with them behind the scenes for access to the hottest start-ups. In some cases, well-connected angels are banding together to form large pools of capital, blurring the line between them and VCs.
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