A new VC firm doesn't give startups any funding because capital is 'commoditized.' Here's why Sweat Equity's founder says his work-for-equity model is a better deal for startups.

Business Insider
By Megan HernbrothFeb 16, 2020, 8:00 am275 pts
Dan Portillo founded Sweat Equity Ventures, a VC firm that works with founders in exchange for company equity instead of writing funding checks, with $30 million in backing from LinkedIn founder Reid Hoffman. Portillo previously worked at Greylock with Hoffman and had helped scale internet giant Mozilla prior…

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