I think it's a sign for founders to look a bit further afield, given the relatively small chunk of the entire angel funding scene these guys control there is no chance a smart founder is going to get lowballed on valuation everywhere they go.
Not saying that these investors are actually participating in this kind of thing but even if they were I don't see how a smart founder who weighs up all the options would get caught out.
Not saying that these investors are actually participating in this kind of thing but even if they were I don't see how a smart founder who weighs up all the options would get caught out.