Thoughts on RightSide Capital

MobileCrunch reports that David Lambert, Kevin Dick and John Lee are starting RightSide Capital, a new seed-stage fund that will make 100-200 investments per year

Entrepreneurs looking for funding won’t have to go the traditional route of begging for a meeting and then having a second meeting and then waiting 3 months for traction until finally closing a deal. Instead, they will fill out an application – similar to applying to College – and receive a response in 2 weeks.

I have mixed feelings about whether or not RightSide has a good model. On one hand, I do somewhat agree with the HN commenter who wants “our capital markets to look more like our mortgage markets: you get your history read by a computer, numbers get crunched, and you get a take-it-or-leave-it offer presented to you by a junior employee of the firm.” Or at the very least, our capital markets could look like this at the most accessible, lowest-common-denominator stage. And for millions of people, this would be wonderful.

But for those of us really trying to change the world, what we need most is time with experienced mentors, and not just a little bit of cash. If RightSide can find a way to scale mentoring to a few hundred founders per year without sacrificing quality, they really could shake up the angel market.

I’ll be eager to see whether they can do it.