VC's back teams not ideas. Jeff Taylor is an executor - he doesn't need the money, but its enough to show anyone else in the space who's boss (or the monster).

VC's back teams not ideas. Jeff Taylor is an executor - he doesn't need the money, but its enough to show anyone else in the space who's boss (or the monster). Having money in the bank while funds are still frothy just means they won't struggle in the future. He probably got a valuation he can't match and they are probably looking at monetising their audience in "offline ways" which may up the burn rate a tad. That said i'd back jeff taylor too. Good luck to them :)