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Clearbanc raises $300M to fund more startups equity-free
- kentf 7y ago$50M in equity and $250M for a new fund. Happy to answer any questions.
- ohaideredevs 7y ago"VC in the form of non-dilutive revenue-share agreements." What if the startup can't pay for x amount of time? "Coupling data and machine learning technology, Clearbanc is quick to make decisions about potential investment" What does this mean?
- kentf 7y agoWe invest in fast growing companies using machine learning models. So our algorithms make the investing decision, not humans. We connect you with a human to walk you through diligence process, but your funding status is determined by our algos
- ohaideredevs 7y agoI got that much from the article. Was interested into factors that got into it. Also "machine learning" is generally a cop-out term, what's your training set, etc, or is even a broad answer proprietary??