21-Year-Old Raises Largest Seed Round In Silicon Valley History — $25 Million(businessinsider.com)
businessinsider.com
21-Year-Old Raises Largest Seed Round In Silicon Valley History — $25 Million
http://www.businessinsider.com/lucas-duplan-raises-25-million-seed-round-for-clinkle-2013-6
3 comments
Isn't this what Dwolla's currently doing?
Sometimes it's cheaper for investors to pump money into a new company than try to buy into one that has already gained traction. For $25mil they might take 80% of the company. If they gave Dwolla 25million, they might get 10%. If investors believe the technology will be in demand in the near future, gambling $25 million for a slice of that pie is a no brainer.
tl;dr - One screenshot, loads of investors, no synopsis of the app at all really. "Wait and see".
I'm quite excited to see it.
I'm quite excited to see it.
There are some scant tech details in this article: https://news.ycombinator.com/item?id=5953926
/legal may say something about what they are working on to.