Dumb Money? Yes. but Why Take the Risk...
Fund: DAG Ventures
Posted by anon on 2010-03-29
This is the VC you'll get a termsheet from if your Series A or B was led by a tier-1 VC, and tier-1 VC likes you. The valuation will be 30% more than the previous round (led by the tier-1). Not a lot of diligence, not a lot of negotiation. As an entrepreneur, its a dream scenario. Pitching efficiency is huge :)
But... you're basically giving your tier-1 VC another board seat. And don't count on DAG contributing pretty much anything at all.
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