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August 1, 2011 09:34 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YQJ5WGktXPw/
Halo Effect: All AngelPad Companies Will Get $100K Investment Offers From 2 VC Firms
Earlier this year, Yuri Milner, SV Angel, and Y Combinator shook the early-stage investment world with Start Fund, a $150,000 investment offered to every startup in every new Y Combinator class, no questions asked. Today, another startup incubator, AngelPad " you know, the one run by a bunch of ex-Googlers " is announcing a similar offer. But it's much more straight-forward from the investment perspective: each AngelPad startup will have the option to accept $100,000 from twoprominentventure capital firms at the start of their class.Previously, AngelPad gave their startups $20,000 to get started with (money that came from AngelPad itself as a small investment). With the new $100,000 offer, this means that startups will be able to exit AngelPad with $120,000 in funding. $50,000 will come from one VC firm, $50,000 from another. AngelPad'sThomas Korte is declining to give the names of those firms right now, but says that they should disclose their affiliation soon.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YQJ5WGktXPw/
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