3 ms·
Pretty 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 paragrap
by skmurphy 17y ago
Pretty 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.