An early Facebook exec explains why investing in startups without meeting them is the future of venture capital
“It’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. That’s crazy,”
“His 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.”
Thoughts originally recorded for posterity in DayONE in early 2018 - and now here as part of my migration and consolidation.