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Does that mean that recipients can legitimately tell the press and other investors that a16z is one of their investors? Assuming that the recipient can keep a
by bravura 14y ago
Does that mean that recipients can legitimately tell the press and other investors that a16z is one of their investors?
Assuming that the recipient can keep a straight face?
EDIT: Perhaps having a16z as the only VC in your seed is a very bad idea. Chris Dixon (now a partner at a16z) cautions enterpreneurs against the risks of having a sole VC in your seed round:
http://cdixon.org/2012/04/02/revisited-big-vcs-investing-in-seed-rounds/ http://cdixon.org/2012/04/02/revisited-big-vcs-investing-in-...
"I can think of about 15 founders I’ve spoken to recently who tried or are trying to raise Series As but are seriously hampered by the fact that a big VC invested in the seed round but isn’t participating in the Series A."
- pmarca 14y agoIf our $50 participation hampers your A round, we will bridge you with another $15.
- hornbaker 14y agoThen I'll kick in another $5 for a pier.
- dinky 14y agoI would love that offer - care to make it official? http://lookapinky.com http://lookapinky.com
- bravura 14y agopmarca: I think you're onto something here. A large micro-investment portfolio. Anything in this portfolio is sort of a tip of the hat from a16z, a micro-endorsement that messages: "we've got our eyes on this company."
- pmarca 14y agoDue to the reduced size of the round, the announcement can only cite investment from a1z.
- davemc500hats 14y agooh, the LULZ! ;)