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Massive Volume + Quick Turnaround: funding black swans
- skmurphy 17y agoPretty significant challenge to cohort model if they pull it off: two to four seed investments per week with a two week cycle to get a yes or a no. Key paragraph: We're going to change that. We're planning to fund 100-200 seed-stage startups each year and give founders a yes-no decision in two weeks. It's a win-win. Lots of entrepreneurs get a chance to innovate. We get a well-diversified portfolio. It's time to bring innovation to the business of innovation.