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“For what purpose? How is it strategic at this moment in time to own crypto as opposed to say health care, closing the border or lowering the debt?” angel investor Jason Calacanis posted.

As an angel investor, Peter Shankman has made millions investing in startups, yet it wasn’t easy getting to the top of the ladder.

More than a half dozen tech executives and investors gave more than $100,000 each to his campaign against the recall, including former Google CEO Eric Schmidt; Netflix co-founder Reed Hastings; DoorDash co-founders Andy Fang and Stanley Tang; former Yahoo Chief Executive Marissa Mayer; former Twilio Chief Executive Jeffrey Lawson; and Silicon Valley angel investor Ron Conway, among others.

"No investor likes this," says K Ganesh, an angel investor who founded one of India's largest online grocers, BigBasket.

Shein is able to make inexpensive garments because its vertical integration allows for less waste than the industry average, said Rui Ma, an angel investor and China tech analyst for industry newsletter Tech Buzz China.