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"At this point, I'll need to invest to keep the company going in its current form." I don't get that... You aren't the only investor in the world... Why not pi
by andrewtbham 16y ago
"At this point, I'll need to invest to keep the company going in its current form."
I don't get that... You aren't the only investor in the world... Why not pitch to these people: various VCs, angels, or CIOs told him "would really make this sell."
- temp271828 16y agoHe has pitched but been unsuccessful. The output from all of them is that we have to change our vision, sometimes dramatically, sometimes slightly. The problem is the vision is now "build something huge" instead of "get something out the door and iterate." There was some interest, but the current pre-money valuation they've been talking about (~USD5m) is not enough to get anyone other than small angels involved, or we give away too much of the company.