Entrepreneurs, particularly the first timers are the weakest party here. During their fundraising process they get bombarded by new concepts, new names, new environments. I guess it's cruel, but natural. You're lost, and at the end you cling to one thing that you can at least related to: the brand. That's why well known investors get the upper hand, they bring brand, experience and network. And that's why you're after.
I've raised funds from a couple of top investors (like Fred Wilson and Saul Klein) that brought me and Zemanta incredible advantage and experience, by actively working with us. Price was almost never under discussion! But it was fair. We might get a better price from somebody else, but it would never brought us the non-monetary advantages we had.
If I put aside the legal side of the argument, and if the super angels are really trying to arrange the environment in their own favour, it's a shortsighted attempt. Money that's invested it's always invested in business and they can much better leverage their investment by working with the entrepreneurs and actively help them. At the end of the day, they call themselves angels, aren't they?
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