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Even if we immediately see how wrong the feature comment is, it's still likely many of us won't come up with anything as useful as Rapportive's "gmail feature".
by messel 16y ago
Even if we immediately see how wrong the feature comment is, it's still likely many of us won't come up with anything as useful as Rapportive's "gmail feature". That's the real kicker.
I fell in love with Rapportive the moment I installed it, but probably because I'm a regular blogger and glutton for info about people.
I had no idea it had 10k users in 24 hours, that's Facebook like numbers.
What I'm most surprised at is that they went into YCombinator after such amazing traction and gave up equity for such a small cash offering. The could have had any angel round they wanted with that type of fire. That's a big compliment to YC, but a strange business move for a new company.
Did they give up less equity for the 20k?
- ericd 16y agoThe question is whether the connections to investors and the advice is worth it, not whether the investment itself is worth it. In most cases, it's probably a resounding yes.
- messel 16y agoThis is the second or third time I've something like that. First time was from Mark Suster who said the best way to raise an angel round is to get a few key angels on board with a great deal 2% for 10k, then have a larger angel round afterwards using social proof to get introductions to more potential investors.
- webwright 16y agoDo you think the YC brand increases your valuation for subsequent funding and/or exit price by 6% or more? I do. That alone makes it a wash. The investor intros, mentorship, cash, free PR, free legal stuff, etc., is all gravy.