Got it — and I generally agree though wonder if those terms will always fluctuate.

Do you think there’s a model that allows people to stay as “seed investors” but scale upon success? So rather than scaling (growing is a better word than scaling in this case) by moving up the stack they grow by raising opportunity funds or investing in more companies (Y-Combinator’s strategy). How has Betaworks been reacting? Are you guys investing later? Or have you stayed true to the original thesis/stage?

[5'9", ~170 lbs, male, New York, NY]. I blog about investing. And usually about things I’ve learned the hard way. Opinions are my own, not CoVenture’s

[5'9", ~170 lbs, male, New York, NY]. I blog about investing. And usually about things I’ve learned the hard way. Opinions are my own, not CoVenture’s