42Floors continues the YCombinator tradition of piling 35 people into an investment round.
Adam Rifkin stashed this in YCombinator
42Floors is a search engine for office leases. It helps businesses find suitable places and acts as a hassle-free broker. "Our plan is to reinvent office search one city at a time," says founder Jason Freedman. "We had huge demand in San Francisco -- so much that we couldn't keep up. So, for the New York launch we've quadrupled our capacity by partnering with the biggest property owners and brokers beforehand."
35 people invested in 42Floors' Series A $5 million financing.
That's a lot of investors, and it follows in the YCombinator tradition set by Ark, Pair, and Socialcam.
most of those investors are investing to ride on the brand of 42 floors, ironically. So that they can brag on their angel list profile that they invested in a hot YC company. YC company just wants their cash, since most of them will offer no strategic value what so ever.
Is that a perfect market/win-win?
Greed is good/