Individual investors have always been a part of the venture capital ecosystem, but they generally have written small checks for the earliest-stage companies.

It’s an open secret in Silicon Valley that this group of investors is willing to offer founders better terms and higher prices than traditional VCs in exchange for a chance to back fast-growing startups. Some are doing deals priced far above median valuations, such as last year’s funding of software-development company

Read the full article at: pitchbook.com