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.
