The VC “seed investing” myth: a bottom-up proof
My friend Chris founded the company behind new Internet fantasy leagues like Fafarazzi.com and Dirtlocker.com. (In the case of Fafarazzi.com, it's a fantasy league for celebrities like Paris Hilton or Lindsay Lohan.) It's a perfect seed or angel investment, because it requires little total capital to create a captivating experience and prove out the model. (I also happen to think the product is incredibly fun!) During a discussion about ...