Watching the battle of words, blog posts, term sheets and Tweets unfold over the last few weeks between VCs and Super Angels has been a little surreal. I’ve spent a career convincing editors that the internal workings of Venture Capital are more interesting than they sound, but even I can’t muster the passion to declare convertible debt AWESOME while equity TOTALLY SUCKS.

Clearly, this cultural explosion of tension is about more than just terms and who does what deal. After all, in theory, both these group need each other to thrive.

Rather than commission yet another guest post on the subject, we figured let’s just invite Super Angel rabble-rouser David McClure and early stage VC defender David Hornik into the studio for a no-holds-barred Smackdown. This is a five-part series tackling five wedge issues of the debate, and we’ll post one every day this week– consider it a primer on what you missed if you took August off, Mr. Old School VC.

Today’s topic: Why the hate? Don’t you two need each other?

As always when Dave McClure is involved, the language is NSFW. There, you’ve been warned.

Crunchbase

• DAVID HORNIK

Person: David Hornik

Companies: August Capital, Aardvark, Splunk, Gravity, Ohai, SAY Media, StumbleUpon, Blippy, Six Apart, Evite, PayCycle

David joined August Capital in 2000. He invests broadly in information technology companies, with a focus on enterprise application and infrastructure software and consumer facing software and services. Prior to joining August Capital, David was an intellectual property and corporate attorney at Venture Law Group, Cravath Swaine & Moore, and Perkins Coie LLP. In his legal practice, David represented high tech startups in all aspects of their formation, financing and operations, including Yahoo, When.com (AOL), Sonique (Terra Lycos), Pure...

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• DAVE MCCLURE

Person: Dave McClure

Website: 500startups.com

Companies: 500 Startups, 500 Hats, TeachStreet, Samasource, Life360, KISSmetrics, Jambool , Worldly Developments, Recurly, AwayFind, ERPLY, TextualAds, Twilio, FanBridge, SlideShare, bitly, MyGengo, Ninua, Linkdex, Wildfire Interactive, UserVoice, CapLinked, Simply Hired, PayPal, FF Angel LLC, Founders Fund, fbFund

Dave McClure is a venture capitalist & the founding general partner at 500 Startups, an internet seed fund and startup accelerator program in Mountain View, CA. Dave has been geeking out in Silicon Valley for over twenty years, and has worked with companies such as PayPal, Mint, Founders Fund, Facebook, LinkedIn, SlideShare, Twilio, Simply Hired, O’Reilly Media, Intel, & Microsoft. He also likes to play ultimate frisbee when his knees don’t hurt. Dave has been an investor in over 100...

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