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Pretty sure angels are referring to angel investors to help raise the cash to get the job coded. While the site CAN be done in html it will just create a nightmare for updating things and really the best choice would be a custom setup.
My 2 cents are even if you went with a free CMS for the templates like wordpress, joomla or drupal. Odds are you could get most of your features and get SOME ease of updating. Best part is these tools all look much more frightening than they really are and they are free.
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