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k1ngpin

5 karma · joined January 28, 2011

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k1ngpin··on Yuri Milner, SV Angel Offer Every New Y Combinator Startup $150k
Convertibles with no-cap, frothy valuations, great time to be an entrepreneur. I wonder if this is going to pressure other angels into offering similar terms, and I think if they try to then ultimately angels have the potential to get severely diluted in follow on rounds. I do think that this is a great PR move. Given the hands-off terms from Yuri, I highly doubt that this is a kiss of death for other large VCs who are looking to invest in the follow on rounds, I think it puts much more pressure on Angels who are looking to get into the seed round.