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A few years ago it became fashionable for large VC’s to do seedfunding. With open source software (LAMP stack) and cloud computing infrastructure it just wasn’t that expensive to get your company going and founders just wanted to raise less money. I think they definitely qualify as a VC and not a seedfund.
With top-ranked accelerators Lauchpad LA closing its doors and Y Combinator rebranding itself as a seedfund, it seems fair to ask the question, “Are Accelerators Dead?”. A version of this article previously appeared in Forbes. Good news: a quick review of TechCrunch’s March 2015 List of Top 20 U.S.
At Sony, he didn’t feel like he could “steer the ship” and get his ideas heard so he left and started GUBA, GUBA had no seedfunding. Thomas and his partner lived off of credit cards, and used crappy data centers and open source software (LAMP). Looking back, what did you learn and what would you have done differently? (0:14:15).
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