"Like everything else, AngelList has scaled, and once it scales the quality of the discourse and the advice can go down. Especially since the syndicates. Someone with a "reputation" can syndicate and get a carry, and that can become a "job" for them. It's ugly. As someone who has invested in startups for thirty years, I don't feel comfortable doing it now. Too much noise in the system, and too much deception. Like commercial real estate, it has become a big player's game, and along with that sometimes a con game. I have to tell you Mark, I'm not surprised. I do think you should "out" the person, for everyone's benefit. But this will not stop until the correction, in which many people on Angel List will lose money and go away. I can't wait. This is a super tough business, especially if you have a fiduciary responsibility for OPM, and there's no need to make it tougher by introducing fraud or near fraud." - Francine Hardaway