In 2010, they fronted $3 million to Spotify, a streaming service for music, video, and podcasts, and quickly tripled their money.
In 2011, A-Grade Investments committed $2.5 million to the start-up, Airbnb, a hospitality app that serves as a clearinghouse for people renting their homes or apartments for short-term vacation rentals. Today their stake in Airbnb is worth an estimated $90 million!
They then went on to fund one of the hottest and most controversial startups around today…
