AngelGate fizzle


photo: CNNMoney

In with a bang, out with a whimper.

In last week’s casually titled blog post So A Blogger Walks Into A Bar…, TechCrunch founder Michael Arrington accused Silicon Valley’s influential, insular crowd of early-stage angel investors of colluding to keep down valuations and rig deals in other entrepreneur-unfriendly ways.

That kicked off a blog firestorm, with dinner attendee and 500 Startups founder Dave McClure firing back a profanity and giant-colored-font laced screed, SV Angel’s Ron Conway dumping kerosene on the fire, Lowercase Capital’s Chris Sacca racing to the cabal’s defense, and on the war of words raged.

This morning, all of the parties were due onstage at one of TechCrunch Disrupt’s opening panels.

At which the hatchet got buried. The quotes:

Dave McClure: Unless you’re willing to have you anonymous source go public, I’m done with what I said about it. (He did, however, show up in this excellent t-shirt.)

Chris Sacca: I just think this whole thing is a total waste of time.

Ron Conway: I think all the e-mails cover it.

Well then.

The issue made a brief return when Arrington lobbed the question: “So, valuations are going up. What do you guys do to counter that?”

And the fizzled again, with Sacca meekly offering that his firm has slowed down its deal pace because of it.

Ah well. Todd Bradley is due up soon; maybe that’ll have some fun “So, how’s that HP CEO search going?” fireworks. -Stacy