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.

There's been a lot of chatter re: the iPhone leak and the raiding of certain "journalist's" homes. I won't rehash here so feel free to read up on the current situation.

I feel bad for Jason Chen and his wife for having their door kicked in. But I most definitely don't think it's unjustified. What should he have expected when he paid $5K for a stolen phone? I guess what pisses me off the most is how some people can't seem to understand that freedom of the press and crimes committed by journalists are two separate things. He's not getting his door kicked in because he leaked the next iPhone but because he PURCHASED STOLEN PROPERTY. If he had found the iPhone himself or if the person who found it gave it to Gizmodo to do their story, I'd have no issue. The fact that Gizmodo was willing to break the law to get the scoop on a story pretty much moves them out of legitimate journalism to tabloid fare for me. Michael Arrington writes a pretty reasonable post of how he would handle the situation - one I agree with in terms of the bounds of responsible, professional journalism. Unfortunately, the way the world works there is always an incentive to push and break the boundaries of the law in the name of "journalism". We as readers are just as responsible. How many outraged people did NOT go to Gizmodo to see the leaked iPhone photos/video?

In the end, I hope Jason Chen doesn't go to jail or face any type of punishment. He was only doing what the bosses at Gawker expected and asked of him. As for the guy who sold them the phone.........