Full agree. This is... just being a VC. If it's not your own money and you're aligning with someone else's thesis, you're just a vc with crappier terms
Full agree. This is... just being a VC. If it's not your own money and you're aligning with someone else's thesis, you're just a vc with crappier terms
Well, sounds like a VC but without a good bit of the stress and hassle. Like you wouldnt have to gin up money from LPs
That’s what angel investing is.
Instead with this strategy you get a whopping 5% of profits and Andreessen gets 95% for your efforts / network.
What? The scout doesn’t risk capital, of course they get only limited return.
Yeah as mvkel said it’s just being a VC with shittier terms.
Why not just be an actual angel? Presumably the author has the capital for it now. And if they’re confident enough to risk someone else’s capital why not risk their own?