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It's just a guess, which is why I said "must." But it doesn't seem strange to me at all - investors tend to move in herds. They tend to be much more interested
by w1ntermute 11y ago
It's just a guess, which is why I said "must." But it doesn't seem strange to me at all - investors tend to move in herds. They tend to be much more interested in companies that other investors are also interested in. That's why communicating that there's great interest from other investors is key to raising money - it creates FOMO in the investors.
- k-mcgrady 11y agoOh yeah totally agree with the FOMO. I took it more as 'you didn't get into YC - I'm not interested'. In that case letting another investor make your decision for you seems like a pretty easy way to miss out on good companies.
- w1ntermute 11y agoYeah, and most venture investors are pretty bad at their job - the majority of the industry loses money. But that's irrelevant to startups raising money, because a dollar is a dollar is a dollar.