AppFactory: fast-tracked seed funding for facebook apps(baypartners.com)

11 pointsby shawndrost19 tahun yang lalu10 comments

AppFactory: fast-tracked seed funding for facebook apps

http://www.baypartners.com/appfactory/

I'd like to know more about Bay Partners, the VC firm behind this. They don't appear on pg's Top VCs list (http://ycombinator.com/topvcs.html), and there aren't any names that jump out at me in their portfolio, but neither of those mean much. Any info?

Also, if anyone has a personal contact there that they want to introduce me to, I would love that. My email is in my profile. Thanks.

3 comments

harvard_bum19 tahun yang lalu

this is the first sign of desperation from the VC world. the historical trends of the capital requirements of developing an "application" are becoming so low that venture capitalists will soon become obsolete. the launch of the facebook platform was the nail in the coffin for VCs. power to the hackers.

migpwr19 tahun yang lalu

settle down there fast guy... i wouldnt exactly call the facebook platform the nail in the coffin for VCs.

this is also not desperation... they're testing the water, trying something new on the cheap. i think its a smart move.

ivankirigin19 tahun yang lalu

> trying something new on the cheap.

Indeed. There is little risk given the dollar value.

rms19 tahun yang lalu

I don't think there's been a Facebook app exit of more than $100,000, yet they're willing to provide up to $250,000 worth of funding. So why are they doing this?

shawndrost19 tahun yang lalu

Facebook apps have only existed for about two months. Do you think they will continue to be (for the most part) valueless playthings? I don't. It looks like Bay Partners doesn't.

rms19 tahun yang lalu

What kind of valued app do you think will emerge from facebook?

natrius19 tahun yang lalu

Irrational exuberance.

shawndrost19 tahun yang lalu

Well, that too :)

byrneseyeview19 tahun yang lalu

Perhaps they want to test good programmers.

shawndrost19 tahun yang lalu