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Here's what we did: 0) get some cash from yc 1) work on our product (6 months) 2) raise an angel round of several hundred k based on demos pre launch (4 months
by justin 16y ago
Here's what we did:
0) get some cash from yc
1) work on our product (6 months)
2) raise an angel round of several hundred k based on demos pre launch (4 months from start to finish)
3) launch our initial product
4) get buzz in media
5) 3 months after launch, raise series A
Based on the amounts new yc alums are raising now even pre-demo day, I think it's getting easier to compress the time between steps 0 and 5.
- badmash69 16y agoThanks. The follow up question is , how much traction did you get to close Angel round. How much did you have to ramp up to get to Series A. About me : I am trying to figure out the scope and product-market fit for my idea and trying to decide how much money I need to save up and how much functionality needs to be ready before taking the plunge.