Link: Yuri Milner, SV Angel Shaking up Angel Investing
SV Angel and Yuri just changed the rules for angel investing. This should be interesting since it levels the field. Are we going to see a new layer of Top Tier Angel Investors?
Yuri Milner and SV Angel are offering angel investment to EVERY new Y Combinator startup.
The terms? $150,000 in convertible debt. With no cap and no discount. If you’re an investor you know exactly what that means and you just shuddered a little. Those aren’t terms that most angels can match.
Via @thait and TechCrunch.
Posted January 29, 2011 at 11:10am
