HNHacker News
TopNewBestAskShowJobs

jkopelman

3,920 karma · joined March 12, 2007

http://www.firstround.com
submissionscomments
jkopelman··on Ask PG: What made you change your mind about crowdfunding?
Not trying to answer for PG, but the reason I think FundersClub is different from other crowdfunding options is that it does NOT result in the company having a large number of inexperienced shareholders. Rather, the company has just one shareholder -- the FundersClub fund. That way the entrepreneurs don't get distracted by having to deal with a ton of individual shareholders -- no updates, no chasing them down for signatures/approvals. The company gets the benefit of a much larger base of capital but only has to deal with one experienced shareholder.
jkopelman··on Kleiner Perkins' first fund was $8M -- less than most companies raise today
But even if you adjust it for inflation, it's still under $50M for a VC fund...
jkopelman··on Redeye VC: After the Techcrunch Bump
I just changed the link -- you can now download the spreadsheet at http://www.kopelman.com/Cohort.xls