It takes a village to grow a startup, so Village Global is offering access to a deep network of top tech execs to lure founders to its seed fund. Today, Village Global announced it’s raised $100 million for that fund that was first unveiled in September.
Venture Capital firms, like Sequoia Capital, have been using a secretive network of so-called “scouts” to funnel money to promising start ups while avoiding the publicity that an investment from a big-name VC firm can bring, according to a report Friday in the Wall Street Journal.
Sifted found nine such programmes founded in Europe. They range from a few days to a few weeks, from free to thousands of euros.
Sequoia Capital has funneled millions of dollars to scores of well-connected entrepreneurs and academics, who invest and look for ideas.
Because many of the world's most successful tech companies were conceived by college students, recent graduates or dropouts, VCs and their limited partners have long tried to find a way to tap into that youthful creativity as early as possible.
Ten years ago, Sequoia Capital began quietly encouraging founders of its portfolio companies to consider which of their founder friends they might like to get behind financially.
Spearhead announced today that it has raised $100 million for its fourth fund. The basic outline of the program remains the same, but what’s changed is what happens after the formal Spearhead program has finished.
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