Wednesday, October 09, 2013

Silicon Valley majors back Angellist, a marketplace for startups.

According to Bloomberg (Sept 23, 2013),
[Angellist] raised $24 million from 116 investors, including Google Ventures, Kleiner Perkins Caufield & Byers and Draper Fisher Jurvetson, as well as prominent angels such as Yuri Milner, Mitch Kapor and Max Levchin.
There's a good chance that after over 50 years of evolution, the VC industry will go through a consolidation. Angellist can help streamline startup-related services, from hiring to financing,  reference checking,  etc. If they are successful, they'll have in their possession a business graph of Silicon Valley entrepreneurial community - an invaluable tool for investors, recruiters, corporate technology buyers, and social scientists. Theoretically, one could determine emerging innovation patterns based the flow of money and people into certain technology directions.

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