Too Long; Didn't Read
[Stefon voice] “The hottest club in Silicon Valley is ‘Scouts.’” Yup, after Sequoia and a few others funds debuted a ‘Scouts’ program several years back, many firms have lined up their version. The format differs but let’s generally describe Scouts as, individuals using money fully or partially fronted by another VC fund to make investments in early stage companies with hopes of giving the sponsoring fund an advantage in leading a larger round for the startup later on. As <a href="https://twitter.com/tomiogeron">Tomio Geron</a> wrote in <a href="https://www.wsj.com/articles/scout-programs-spread-in-silicon-valley-1500377402?utm_content=buffer25be9&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer">this week’s WSJ</a>,