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by benjohnson1707 2097 days ago
Rather a platform, isn't it? Matches founders with VC for a stake of 7% as fee.

Platforms thrive if you match supply and demand in a highly relevant way, and once they thrive, they generate network effects.

So PG & Jessica were sort of the equivalent of the seller terms and conditions on the Amazon marketplace platform haha. They were able to spot and shape promising founding teams.