TC50 Backstage: Ron Conway Defends his "Spray and Pray" Honor

This morning Jason Calacanis made a quip that Ron Conway is such a prolific angel investor that all presenting companies at TC50 were getting $50,000 just for walking on the same stage with him. Conway made a face, so Paul Carr and I grabbed him back stage and asked his thoughts on frequently being called a “Spray and Pray” investor. As evidence that he doesn’t invest in everything, Conway also names the one that got away.

Conway says that things are getting easier for start-ups in the Valley and that most start-ups he knows aren’t having problems getting money. In fact, he says he’s facing some stiff competition to get in deals. That’s good news for entrepreneurs.

(Note Jason Hirschhorn pacing behind us. Apparently Conway was about to slip him a list of his companies MySpace should buy…)

Video is on the jump.