Start Fund: Yuri Milner, SV Angel Offer EVERY New Y Combinator Startup $150k - http://techcrunch.com/2011...
Jan 31, 2011
from
Bret Taylor,
Louis Gray,
abdo,
Déniz Atésh (Isyan Deniz),
April Buchheit,
Dan Hsiao,
Bruno Melo,
eugenio,
Benjamin Golub,
Bruce Lewis,
Private Sanjeev,
Özkan Altuner,
Mark Trapp,
and
FALOB
liked this
"It’s the most entrepreneur friendly investment that I can think of, short of just handing people money as a gift. Each startup can choose to take the investment or not. If all 40 of the startups accept the loan then a total of $6 million will have been invested. And Milner/SV Angel say they intend to offer this for each Y Combinator startup in the future, too. That means Y Combinator entrepreneurs will not only get the $15k – $20k from Y Combinator during the first few months of their project, but they can look forward to another $150,000 a few months later. That’s usually enough to complete development and launch a product."
- Paul Buchheit
+150. Y Comb money alone was only enough to support the ramen crowd. Now those of us that have run a social network or two, and have good amt of experience in the field (and family, and mortgage) can take a run as well. (Assuming this portends similar future investments)
- Christopher Galtenberg
Yuri is crazy in a good way :).
- Private Sanjeev
This looks like a very sane investment strategy, having pg and paul vet seed-stage startups. I wonder if paul's recent blog post detailing his investment track record was part of the decision-making process.
- Bruce Lewis