5 ms·
It's a huge shift in terms of funding levels. Instead of getting $100k to build a focused software startup focusing essentially on a single "simple" problem, yo
by nawitus 13y ago
It's a huge shift in terms of funding levels. Instead of getting $100k to build a focused software startup focusing essentially on a single "simple" problem, you usually need around $10-$100 million to get started on these big problems.
On the other hand, one can start with $100k which is mainly used to secure the rest of the funding.
This new "shift" is essentially what the Founders Fund is trying to do.