The budding investors lately got a chance to come together with Silicon Valley's veteran angel investors at AngelConf - organized by Seed-stage venture firm Y Combinator at its Mountain View, California headquarters.

The March 5 angel investor conference ignited hopes of pulling in an increased number of moneyed people to explore the wild and, at times tremendously money-spinning innovations and startups world. The term 'angel investors' refers to individuals rolling in money enough to invest it in certain amounts, usually six figures, into prospective young startups.

There was no dampening the spirit of the investors at the AngelConf, despite the dire straits the global economy is in. Well-known angels munificently passed on angel-investing secrets to new entrants in the field - from humdrum matters, like terms of the deal, to cues about analyzing the success prospects of startups.

The purpose behind the AngelConf was to provide answer to pertinent questions, which were mentioned on the event's homepage as follows:

"Have you thought about investing in startups, but didn't know how? You're not alone. Investing in startups seems mysterious and difficult. How much are you supposed to invest? What legal agreements do you need? Where do you find startups to invest in? How do you pick winners?"

The speakers and panelists included Michael Arrington, Jeff Clavier, Ron Conway, Paul Buchheit, Michael Dearing, and Paul Graham, among others.