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We don't know who invested how much. At least a few years ago you could get ~$50k in seed funding from a16z really easily (just needed to seem promising, witho
by argonaut 11y ago
We don't know who invested how much.
At least a few years ago you could get ~$50k in seed funding from a16z really easily (just needed to seem promising, without needing to meet the general partners, etc.). It has probably changed now that a16z has shifted more towards the larger, later rounds. VCs do these deals because it costs them nothing and they now have their foot in the door for later rounds.
Entrepreneurs love these too, cause they can bandy about these big names. I wouldn't read too much into the big-shot names unless there's a $$ figure attached.
- pen2l 11y ago> At least a few years ago you could get ~$50k in seed funding from a16z really easily (just needed to seem promising, without needing to meet the general partners, etc.) Nope, both Marc Andreessen and Ben Horowitz actually came to Duplan's office and had a long meeting with him. Marc and Ben agreed to invest in him after the meeting, likewise Peter Thiel invested after having a meeting.
- argonaut 11y agoThanks for clearing that up. For the record, I didn't say that was what happened to Clinkle, only that a16z does (or at least used to) make many small spread-your-bets seed investments.