Facebook Investors: We want Facebook startups too!
July 12th, 2007 | by danny |Inside Facebook reports Greylock, Accel, and Meritech - investors in Facebook - are also interested in funding new Facebook-related opportunties.
Well, as mentioned earlier this week, this makes a ton of sense for these funds. Certainly entrepreneurs would prefer to raise capital from vc’s with “insider access.” Insider access isn’t something diabolical or sneaky, it’s as simple as being in the know about what Facebook is working on, what they’re trying to support, avoid, etc. Or being able to call an exec and say, “hey, why is this app having a problem with XYZ on your site.”
That stuff matters.
So Bay will need to compensate for this with structural advantages (like making the deal sweeter for founders).
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One Response to “Facebook Investors: We want Facebook startups too!”
By David Akinin on Jul 20, 2007 | Reply
I met a guy in the Harvard Computer Lab Center, about a week ago. We started talking about web design, and then he asked me to join this facebook application that he had started (”introductions”).. I joined and then he explained, that he is trying to get as many people as he can, because already investors are sending him emails to buy up his little applications…
Great marketing from the insider point of view (exemplifying your note..)