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AppFactory: fast-tracked seed funding for facebook apps

11 points by shawndrost 19y ago

I'd like to know more about Bay Partners, the VC firm behind this. They don't appear on pg's Top VCs list (http://ycombinator.com/topvcs.html http://ycombinator.com/topvcs.html), and there aren't any names that jump out at me in their portfolio, but neither of those mean much. Any info? Also, if anyone has a personal contact there that they want to introduce me to, I would love that. My email is in my profile. Thanks.

shawndrost 19y ago
I'd like to know more about Bay Partners, the VC firm behind this. They don't appear on pg's Top VCs list (http://ycombinator.com/topvcs.html http://ycombinator.com/topvcs.html), and there aren't any names that jump out at me in their portfolio, but neither of those mean much. Any info? Also, if anyone has a personal contact there that they want to introduce me to, I would love that. My email is in my profile. Thanks.
harvard_bum 19y ago
this is the first sign of desperation from the VC world. the historical trends of the capital requirements of developing an "application" are becoming so low that venture capitalists will soon become obsolete. the launch of the facebook platform was the nail in the coffin for VCs. power to the hackers.
- migpwr 19y ago
  settle down there fast guy... i wouldnt exactly call the facebook platform the nail in the coffin for VCs. this is also not desperation... they're testing the water, trying something new on the cheap. i think its a smart move.
  - ivankirigin 19y ago
    > trying something new on the cheap. Indeed. There is little risk given the dollar value.
rms 19y ago
I don't think there's been a Facebook app exit of more than $100,000, yet they're willing to provide up to $250,000 worth of funding. So why are they doing this?
- shawndrost 19y ago
  Facebook apps have only existed for about two months. Do you think they will continue to be (for the most part) valueless playthings? I don't. It looks like Bay Partners doesn't.
  - rms 19y ago
    What kind of valued app do you think will emerge from facebook?
- natrius 19y ago
  Irrational exuberance.
  - shawndrost 19y ago
    Well, that too :)
- byrneseyeview 19y ago
  Perhaps they want to test good programmers.

11 points by shawndrost 19y ago

shawndrost 19y ago

harvard_bum 19y ago

this is the first sign of desperation from the VC world. the historical trends of the capital requirements of developing an "application" are becoming so low that venture capitalists will soon become obsolete. the launch of the facebook platform was the nail in the coffin for VCs. power to the hackers.

migpwr 19y ago
settle down there fast guy... i wouldnt exactly call the facebook platform the nail in the coffin for VCs. this is also not desperation... they're testing the water, trying something new on the cheap. i think its a smart move.
- ivankirigin 19y ago
  > trying something new on the cheap. Indeed. There is little risk given the dollar value.

rms 19y ago

I don't think there's been a Facebook app exit of more than $100,000, yet they're willing to provide up to $250,000 worth of funding. So why are they doing this?

shawndrost 19y ago
Facebook apps have only existed for about two months. Do you think they will continue to be (for the most part) valueless playthings? I don't. It looks like Bay Partners doesn't.
- rms 19y ago
  What kind of valued app do you think will emerge from facebook?
natrius 19y ago
Irrational exuberance.
- shawndrost 19y ago
  Well, that too :)
byrneseyeview 19y ago
Perhaps they want to test good programmers.