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$1m is a "seed round" these days? The mind boggles. In any case, congratulations! I find it fascinating how crowded the local advertising space seems to be, bu
by pmjordan 16y ago
$1m is a "seed round" these days? The mind boggles. In any case, congratulations!
I find it fascinating how crowded the local advertising space seems to be, but different approaches seem to work in different places.
- aditya 16y agoLocal is a _really_ hard market, and having cash in the bank removes atleast one big obstacle which threatens your survival. That being said it seems like since there's so many angels around these days, raising money for a startup perceived to be hot is not that hard. The problem with raising a large round is obviously that you're either diluting yourself too much early on or raising the valuation too high for the next round. But hey, if you need the cash, why not?