  We suggest that most nearby active galactic nuclei are fed by a series of
small--scale, randomly--oriented accretion events. Outside a certain radius
these events promote rapid star formation, while within it they fuel the
supermassive black hole. We show that the events have a characteristic time
evolution. This picture agrees with several observational facts. The expected
luminosity function is broadly in agreement with that observed for
moderate--mass black holes. The spin of the black hole is low, and aligns with
the inner disc in each individual feeding event. This implies radio jets
aligned with the axis of the obscuring torus, and uncorrelated with the
large--scale structure of the host galaxy. The ring of young stars observed
about the Galactic Centre are close to where our picture predicts that star
formation should occur.
