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Out of curiosity, how many founders know who put up the money that the VC is dispensing? After a friends and family or Angel round, is their any connection bet
by iandanforth 15y ago
Out of curiosity, how many founders know who put up the money that the VC is dispensing?
After a friends and family or Angel round, is their any connection between the investment and the people who stand to lose money?
- rdl 15y agoTraditional VCs don't really advertise their LPs (limited partners; source of funds) too much. Sequoia sometimes uses that most of their LPs are charitable foundations, schools, etc. as a marketing tactic, but it's Sequoia, so people probably make their decision based on it being Sequoia. Some of the super-angel type funds do -- I know Founder Collective emphasizes that their partners are mainly entrepreneurs. It's a Boston/NYC fund -- Chris Dixon and some other people.