A day after what is now being known as AngelGate, we get two responses from Fred Wilson and the always entertaining Dave McClure. Though Wilson's response is very measured, logical, and concise versus McClure's scorch the earth post, I find myself feeling more convinced by Dave's post. However, they essentially say the same thing - collusion would be difficult to pull off in the hyper competitive world of angel investing.
With the initial shock of the collusion meeting over, I get the feeling that the truth is somewhere between what Arrington wrote and what these two and other angel investors at the meeting are now saying. Just don't know which side it's closer to.