How is that going? I ask because just recently I read a post from someone I know who is getting out of the angel investing game. Her primary complaint is that in a couple early stage investments she made that then were successful enough to go on to a VC series round that early angel investors got shafted. That is, there was a strong desire from VCs to "clean up the cap table" and buy out early stage angels just as the business was starting to accelerate. There was some definite bitterness in her tone, feeling like she went out on a limb for some founders before the business was proven out, and then got dumped once the deeper pockets came along.

I don't know the details of her situation, what else she could have done to protect her investments, or how common an experience that was, but there were many comments in agreement under her post, so I'm just curious if it's widespread.

Oh, I did not take it as virtue signaling at all! I do actually admire you for looking at a dirty game and saying "I will not play this, I will find a better way."

If I ever win the lottery, I'm going to create the Joseph Welch Foundation. The foundation will give monetary awards to people who have demonstrably pushed back against corruption, lies, and bullshit.

For those who don't recognize the name, Joseph Welch is who said "Have you no sense of decency, sir, at long last, have you left no sense of decency?" to Joseph McCarthy.

Too few people remember Welch. McCarthy was the asshole but his name is remembered more. I see this as an error we have made with our societal memory. It would be better to remember Welch, and only remember McCarthy as "that red scare guy".