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Some angel investors join together in syndicates. A big-name VC firm will not screwyou too outrageously, because other founders would avoid them ifword got out. When we got into such a scrape, our investorstook advantage of it in a way that a name-brand VC probably wouldnthave. Thats where the name"incubator" comes from.
I''m all for transparency, but won''t be namingnames in this post as I don''t want to put some entrepreneurs in a difficult position. Another area where I''m not sure I stand is with some of the more formal referral and syndication programs that are emerging now.
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