I never understood Yuri's involvement. I always thought his investment philosophy was to enter at the Series B or later stage.<p>On another note, here's a recent anecdote (the plural of anecdote is not data!) about Khosla Ventures. A successful entrepreneur ($300M exit under his belt; CEO of $5B company) was in advanced talks (post-term sheet) to raise funding from them. Out of the blue, Khosla came back with a list of demands such as adding a 3rd co-founder. Obviously just one situation, but left a bit of a bad taste in my mouth.
I have noticed a trend on HN whenever Vinod Khosler is mentioned, there seems to be a lot of hostility towards him. Is there any concrete examples of them doing shady stuff? I am just curious.
Great to see them involved. I'm curious about this model... At what point does the overhead of following so many companies become prohibitive relative to the small amount invested? I suspect this could be why Milner left.<p>I don't have much (any) data on this, and no professional stake in this. I'm just fascinated by the YC model in general, and by a way of "buying the market" for emerging companies. (The closest thing to an S&P for startups) That, and I'm tired of arguing about unions on the other thread.
How does YCVC work exactly? YC invests in startups directly already, so why bring in unnecessary partner money? Is it that the YC front runs the investment and the YCVCs are allowed to come on board slightly later at worse terms? If so, that's a good deal for YC, and even if the IRR doesn't work out, the VCs are paying for access to a pool of potential deals. If that's the case VC churn doesn't send the best signal.
Ah. Is Khosla Ventures related to Vinod Khosla? The same guy who sealed off a popular surfing beach in a small California town and declared it as his own? I always found that to be a terrible reminder of how money, greed and selfishness go hand in hand. Never mind me.