Such a kind

from the it-might-be-interesting dept

Draper, Fisher and Jurvetson, has announced the creation of a $500million dollar close end mutal fund to allow individual investors to get a piece of the VC pie ( The one thing that I found, well to be quite honest strange was that this VC (Draper), was doing this to help the public (with no real financial incentive!). I don’t know how much to believe but I think there’s probably a little more at play than just kindness but maybe its enough of a reward just being first.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Such a kind”

Subscribe: RSS Leave a comment
1 Comment
Mike (profile) says:

Not an altruistic idea

Since I happen to know (and he has been known to read Techdirt as well) one of the first employees of, I can say with pretty clear certainty that it’s not an altruistic venture. In some sense I think it’s really just a gimmick. It’s a way to get a lot more attention paid to a single firm (in this case DFJ) at a point when public relations has become a very important part of the VC world. I think for that purpose, it’s a good idea. Where it runs into trouble is if the economy goes sour. There are reasons that most folks only accept funds from accredited investors.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...