Meet the World’s Cheapest Venture Capitalist | Wired Business | Wired.com

posted on 21/12/2012 08:58 #startups #vc

http://www.wired.com/business/2012/12/worlds-cheapest-venture-capitalist →

Where the Co-Prosperity Cloud is different is in its lower ambitions. It aims to fund what Cegłowski calls “barely successful … modest” companies like his own Pinboard, a one-man operation that he says couldn’t pay a second employee but that covers his costs, salary, plus a contribution to his savings. Where YCombinator encourages two-founder teams and follow-on venture capital rounds that push startups toward a big-money exit, the Co-Prosperity Cloud actively encourages solo founders and slow-building, sustainable companies.

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