Share:
When Playco announced its $100 million Series A funding last September, the co-lead investors were Sequoia Global Equities and Josh Buckley, a solo VC who at the time was investing from his first $50 million fund.
In a co-led deal, one lead investor usually sets the terms and the other joins with an equal-sized check.
In the Playco deal, it was Buckley, an under-the-radar investor, rather than the legendary Sequoia, who determined the price of the round and took the board seat at the gaming company.
Since then, Buckley, who juggles investing with his role as the CEO of Product Hunt, has raised his second $200 million fund, according to a person familiar with the matter. In addition, Buckley, a co-founder of Mino Games, in July launched Hyper, a Y Combinator-like accelerator program with partners including Sequoia and Andreessen Horowitz.