How angel investing became a pastime and a way of socializing in Silicon Valley, with investors betting small amounts in friends' startups (Ellen Huet/Bloomberg)

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Ellen Huet / Bloomberg:
How angel investing became a pastime and a way of socializing in Silicon Valley, with investors betting small amounts in friends' startups  —  Maia Bittner is an angel investor, and she has a lot of friends who've founded startups.  Sometimes they ask her if she wants to put money into their companies.

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