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So... venture capital? The difference between angels and VC is that angels are investing their own money and VCs are general partners investing on behalf of the
by cylinder 13y ago
So... venture capital? The difference between angels and VC is that angels are investing their own money and VCs are general partners investing on behalf of their limited partners (investors). Not a new experiment at all, it's just smaller scale VC.
- danielharan 13y agoVC without having to pay for partners management fees to do due diligence, which is outsourced to high-performing angels.
- naval 13y agoNo management fees, angels invest their own money alongside, no 10-year lockup, enter / leave with one click, track everything online, and have 40 angels invest $25M instead of 2 VC Partners. But yes, other than that, there's nothing new here.