"Every deal will get seen by an angel investor in that sector and distributed. They won't screen it," says Blake, in the way that some deals are rejected based on the entrepreneur or other cursory judgments. "Every early-stage company will have their day in court."

"This will fundamentally change the way capital is raised in Atlanta," says Blake.

For a long time, the Atlanta Technology Angels kept early stage capital in Atlanta bottled up by serving as a firewall in between Angels and entrepreneurs. What they should have been doing is acting as a facilitator. As they were unwilling to change, Startup Lounge has stepped in to fix this problem.

With this development, the ATA is no longer relevant.

Catalyst: City of Angels by Collette McKenna Parker