Angel?

Oh, I almost forgot... At the end of the meeting one of the more active members named Dan stopped by me (I was asked by Bob Fried, VP Membership who invited me to give an introduction to the rest of the group, so they know there are no insiders - at the end of the day I am a fellow angel) to exchange business cards (well, he forgot to give me his), but more importandly to tell me that he had no idea that in the Czech Republic there are angels or VCs...

I tried to reply more or less in a light and friendly way because I thought he was just teasing me... But he continued saying something along the lines that developing countries shouldn't need angels or VC just because they need to first build basic infrastructure and there is no space for innovation... So I kicked his balls and left... No, seriously, I made the mistake of starting a dispute on whether or not "emerging" (not developing) countries can or cannot be ground for innovations, and also about definition of angel investor - as he kept saying "in those cases angel investor is not suitable, but normal private investor"... I still don't understand, maybe just because his English was so bad, with strong accent... :-)