A top-tier venture capital firm announced a major news today—former Lyft executive Kenan Saleh officially joined as an early-stage investment partner.

There are actually many signals behind this appointment. Saleh will be directly responsible for the acceleration program called Speedrun, which is essentially a bold move to provide early startups with a $1 million seed fund.

Looking at his background explains why he was chosen: he has held executive roles at Lyft and has extensive experience working with top investment institutions; he received systematic venture capital training at Bain Capital Ventures; he understands how to operate a company and has an investment eye. Talents who can both identify promising projects and understand startup pain points are indeed scarce.

From this personnel adjustment, it can be seen that this organization is becoming increasingly aggressive and systematic in its layout of the early startup ecosystem. The "ammunition" for the Speedrun program is likely to be more abundant, and early-stage projects now have an additional solid backing.

For early entrepreneurs, this is good news—a new channel to secure funding.