Summary: Angels make more introductions than VCs because angels need co-investors. You can’t clear the market in series–you can only clear it in parallel. Tranches are dumb–they have zero upside and catastrophic downside. Two investors aren’t always better than one. Finally, a ‘very special’ message to graduating Y Combinator founders: don’t do deals on D-Day [...]
Entries Tagged as 'Tranches'
Potpourri: Introductions, Auctions, Tranches, and Co-Investors
August 8th, 2007 · 2 Comments
Learn more about: Angels · Auctions · Co-Investors · Introductions · Tranches
