While the ticket sizes (overall $2.5M, $50,000 per investment) may not be large, nice early move by Foundry to coopt a potential competitor into a partner.<p>Also, given that AngelList has now got $24M in funding from VCs, and VCs are in turn turning angels on AngelList, things don't look as adversarial or disruptive between the two as we originally thought?<p>Edit: Now would also be a nice time to remember how Naval was apparently, not so long ago, seen as toxic by the VC community:<p>> By the end of that year, Ravikant and other plaintiffs had settled the suit, but it was assumed that Ravikant had made a dangerous gamble with his reputation and connections by suing his peers.<p>> At the time the suit surfaced, in 2005, Ravikant was also a partner Dot Edu Ventures, which quickly removed his name from its Website, and whose founder and managing partner, Asha Jadej, played down the firm’s relationship with Ravikant. “We were at a point where we felt there were multiple factors, including the suit, which helped us all decide that this might be a good time to part ways,” Jadej told me at the time. Another person close to the situation told me at the time:<i>“[Ravikant] had better win this suit and he better hope that he makes enough for life, because he’ll never work as a VC again.”</i>