I've written in the past about the importance of fair valuations, especially as the market plays chicken with bubble-esque aquisitions and valuations. The recent formation of dozens of new angel groups, and the emergence of angel investing as the hobby du jour for rich folks has brought many inexperienced angels onto the scene.
This is great for everyone, as long as angels do their part to educate themselves on all of the best practices in every element of angel investing, especially valuations. If not, angels could play a part in inflating the bubble and ruining the fun for everyone.
