48 karma · joined November 15, 2010
Exec was led by Sam Altman!
I'm still evaluating but it's easy enough for me to run and I'm using the space now.
CB Insights says that 50% of seed companies will go away. And the reward that angels are given to take this risk is a 20% discount to the next priced round.
However, one of the benefits of writing smaller checks or running smaller funds is that you're less dependent on monster exits. For investors who are going smaller, valuations and terms do matter a lot more than at typical venture funds (that are very dependent on monster exits).
Now that you bring it up, I'm really surprised that Google hasn't tried the MVNO route yet.
It seems like the response will be quite different, which will make this comparison a lot more interesting.
1. A quiet place where you can bang out work (e.g. libraries)
2. Somewhere with more of a scene where you can work and also mix with others in the startup / tech ecosystem (e.g. GA, Ace)
3. Somewhere like #2 but with a little more NYC flavor and less tech (e.g. Kaffe 1668)
Google had early warning when they saw Apple acquiring several maps companies over the years:
http://9to5mac.com/2011/10/29/apple-acquired-mind-blowing-3d...
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In my opinion the writer is one of the best at detailing corporate deals and making the complexities of investment banking easily understandable for the general public.
This saying applies to management teams/financial markets as well.