[8] Lee's separation from Conway and SV Angel was abrupt and led many to speculate that it was acrimonious and "not as amicable as the March memo made it appear".
"It is extremely rare for a sole managing partner to resign in the first place, and virtually unheard of without some sort of transition period.
"[10] Furthermore, Fortune magazine reported that Conway, in private conversations with fund investors "did tell LPs that he believed Lee had breached his trust" primarily because, "according to what Conway told limited partners, Lee had effectively paid himself more than SV Angel's $250,000 annual salary cap.
"[11] David Lee was ranked an eighty-fourth place in the Forbes magazine Midas list of top "dealmakers".
"[14] Conway's criticism of Lee's role was in response to angel investor Dave McClure's comment about the double standard of Conway's criticism of the Angelgate meetings when in fact, Lee, his partner at SV Angel, was in attendance: "Ron is throwing us under a bus.