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You cannot even legally post on Twitter "I'm raising funding". Someone did this last year and got harangued for it. How can you crowdsource a funding round if y
by mattmaroon 17y ago
You cannot even legally post on Twitter "I'm raising funding". Someone did this last year and got harangued for it. How can you crowdsource a funding round if you cannot do something that simple?
Also, I would never invest in a convertible loan like that, and if you talk to a lot of investors (even angels) you'll find that a common sentiment. Investors hate convertibles. A few have told me that if you do those, it's not a question of if you're going to get screwed but when and how.
- jacquesm 17y agoThat's because twitter is a public forum and by asking it in that way you are effectively making a public offering. But mailing your buddies is a different matter. Think of it this way: there has to be some - minimal - pre-existing relationship between you and your target investors.
- mattmaroon 17y agoRight, that isn't scalable, and it isn't crowdsourcing. Crowdsourcing is posting on HN "fund my startup". That's what I want.