Oh I would definitely have a huge expectation if I were to meet up with someone who had secured a $2m round from Sequoia - I understand you completely there. An

Oh I would definitely have a huge expectation if I were to meet up with someone who had secured a $2m round from Sequoia - I understand you completely there. Angel funding of $100k though is often given to ID-10-Ts because the angels are not savvy (certainly not all angels, of course, but there's a significant portion of angel investing given to just plain stupid ideas). If someone told me they had raised $250,000, I would be interested to hear how but I wouldn't think they were one notch up the ladder until I heard more. For $500,000, I'm more interested. For $1m+ then you start getting into the space where you either fooled one sucker for a lot of money or you have a good idea (typically).