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That’s right, and we’re actually going to preserve and extend that model in the fund. So historically we’ve only invested up to $200,000 total in a deal. We’re going to definitely bring that up in the fund because we’re going to raise more money, be able to put more money in. But it’ll be pretty typical for us to do a $500,000 investment or maybe down to 200,000 or maybe up to a million in a deal to start. And what we’re seeing is a whole generation of startups that actually don’t need very much money to get started, so the cloud computing example, or a mobile application, an iPhone developer doesn’t need very much money to get started.
~i especially like his point about about the cheapness with which ideas can be implemented on a shoestring. good ideas are very infrequently, by necessity, expensive.
Andreessen on Charlie Rose: “I Am Creating A Fund.” (Full Video) (via davemorin)
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kevintwohy reblogged this from davemorin and added:
i especially like his point about about the cheapness with which ideas can be implemented on a shoestring. good ideas...
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