> Instead of giving this one company $2.6 billion, the investors could have invested $100k in 26k different startups.
This already happens, its called angel or accelerator funding. YC gives $150K to 200+ company every year. Some of these companies then raise more, then some more.
For founder with successful exits or other outstanding achievement, they can effectively start with series C and raise 50 million as the first round.
Thereafter everyone wants to bet on the winning horse.
This already happens, its called angel or accelerator funding. YC gives $150K to 200+ company every year. Some of these companies then raise more, then some more.
For founder with successful exits or other outstanding achievement, they can effectively start with series C and raise 50 million as the first round.
Thereafter everyone wants to bet on the winning horse.