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Na i'd take that money any day. First it's good to have Yuri Milner and Ron Conway on your team. 43 startups @ 150k is only 6.45million, which is typical fundi
by imkevingao 16y ago
Na i'd take that money any day. First it's good to have Yuri Milner and Ron Conway on your team.
43 startups @ 150k is only 6.45million, which is typical funding for one venture capital company. Except it's diversified into 43 of them, so that if one of them advances to a series C, they can probably get it all back.
I guess the only problem would be if you try to get a Series A from DST, then you might possibly not get an ultra high valuation, but then again, DST seems to be throwing money at startups after their lustful experiences with Zynga/Groupon/Facebook
This just toughens up the next round of YC applications, which is a bummer. But i'm really interested to see how this will work out.