Yesterday, Mike broke the news on stage at Disrupt that SV Angel is doubling down with Yuri Milner once again to invest in all willing Y Combinator grads. Today, SV Angel is announcing another partnership, this time Ron Conway & crew are looking east. SV Angel and Lerer Ventures-- which also announced a new fund yesterday-- will announce today that the two are entering a formal partnership to invest in one another's deals. There are limits to how cozy they are getting. The funds are still distinct, with no direct financial stake in one another. And there's no requirement or quid pro quo. Indeed, SV Angel's fund is much larger, so there will likely be more West Coast deals being closed between the two. Like the Y Combinator deal, this is just an offer on the table for all new SV Angel and Lerer Venture portfolio companies. "It will always be at the discretion of the entrepreneur," said SV Angel's Ron Conway backstage at Disrupt.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/nWA_6WGHzrM/
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