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The Future Of Funding

An early Facebook exec explains why investing in startups without meeting them is the future of venture capital

โ€œItโ€™s ludicrous the idea that you could only get funding if you found a way to come to Silicon Valley on a Monday through Friday, from the hours of 9 to 5, if you happen to be of a certain gender or age, or etc. Thatโ€™s crazy,โ€

โ€œHis plan to invest in startups sight unseen is called capital-as-a-service or CaaS, a play on the name of the cloud-based software (software-as-a-service) that has transformed the tech industry.โ€

Julie Bort

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Thoughts originally recorded for posterity in DayONE in early 2018 - and now here as part of my migration and consolidation.
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