The Ledger
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SV Angel Refuses Board Seats to Maintain Founder Alignment
“We also don't take board seats. We think that, you know, we always want to align ourselves with founders and be the advocate for them. We think that at some point in the business boardroom will get contentious and founder will, and the board won't agree on som…”
Initialized targets 5% to 10% seed ownership to accommodate co-investors
“Between five, if we can target five to 10% ownership initially, that's still enough to bring in the SV Angels or the Fuel Capitals or other great investors that we especially like to work with.”
Tan: Yuri Milner offered $150K to all YC W11 companies
“That was the batch that Yuri Milner and SV Angel came along and said, we're going to give everyone 150,000 dollars to every single company in that batch. It was about 40 companies”
LendUp raised $150 million in January 2016
“LendUp raised an incredible hundred and fifty million dollars in January, 2016, according to the trusty PE Hub, from the likes of SV Angel, Yuri Milner, our friends at Sousa Ventures with Chad Byers, who I've got to thank for making the intro today, and then G…”