Super angel Ron Conway is raising a new fund

Ron Conway, the angel investor who seems to be involved in every significant Web startup funding nowadays, will soon have even more money for his efforts. Conway’s firm SV Angel is raising a new $40 million fund and has already raised around $11.7 million so far, according to a filing with the Securities and Exchange Commission.

Green with envy: Cleantech wishes it had an angel problem

While consumer Internet companies are getting crowded with newer and wealthier angel and seed funds, cleantech is seeing a drop both in overall investment dollars and early-stage investing. In fact, the overcrowding of angels backing Web startups — perhaps best evidenced by  the recent Angelgate debacle in which top investors were accused of “colluding” to discuss startup valuations — is a problem that cleantech wishes it had.

AngelGate dispute among Valley investors cracks wide open

When TechCrunch editor Mike Arrington barged in on a secret meeting of super angels, the wealthy individuals who are taking an increasingly prominent role in startup investing, the facts were open to interpretation. Arrington alleged that he heard the meeting was about illegal collusion. That seemed so unlikely. But now an email sent by investor Ron Conway (right) shows that there is a real fracture in the angel group about whether there was an attempt at collusion, as Arrington alleged.