Green Shoots: The Embrace of Seed Stage Investing by Traditional VCs
Introduction The headlines today are full of stories about small investors—variously called angels, super angels, or micro-cap VCs—participating in sought-after deals, particularly in the consumer internet space. These small, seed stage investors have backed heavyweights ranging from Facebook to Zynga to Dropbox, often at more attractive prices than traditional VCs paid when they invested in…