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You're confusing being a VC with the standard VC fund. You don't need to have the latter to be the former. A VC can use their own money exclusively, and do so
by run4yourlives 19y ago
You're confusing being a VC with the standard VC fund.
You don't need to have the latter to be the former. A VC can use their own money exclusively, and do so all the time. The professional VC's that manage pooled investments of other people are only a subset of the term Venture Capitalist.
- nostrademons 19y agoUsually, the term "venture capitalist" refers to those people who manage other people's money by investing in startups, and the term "angel investor" refers to people who manage their own money by investing in startups.
- run4yourlives 19y agoAgreed, but to say PG is a VC is not technically wrong. Under the "real" definition, all Angels are VC's too. That's why I'm suggesting it's all semantics.
- pg 19y agoIn the industry, the term "VC" is used exclusively for people who manage venture capital firms. I'm not considered a VC. Closer to an angel. But that usually implies an individual person. There's no name yet for the kind of thing YC is.
- electric 19y ago"But that usually implies an individual person" Not really... http://www.bandangels.com/ http://www.bandangels.com/ What's the difference between YC and these guys? Maybe in the amounts invested.
- pg 19y agoThese angel groups usually have a different structure. You go and present to them and the angels individually decide whether they want to invest. Whereas YC itself is the investor in the startups we fund, as with a VC firm.
- electric 19y agoOk and I guess this is a lot different too... (the mgmt team bit) Q: What does the Band look for in their initial review? As with most venture funds, the Band seeks to invest in companies with a strong management team, unique technology and a large potential market.