5 ms·

Echoing a lot of what others said, I would 100% drop this entirely and walk away. The deal you described is a terrible deal even if one of them was giving you a

Echoing a lot of what others said, I would 100% drop this entirely and walk away. The deal you described is a terrible deal even if one of them was giving you a little bit of help. You're living right now in the best fundraising environment tech has literally ever seen. If you have an actual good idea and can execute, you can raise real money on far better terms from more legit people. The fact those guys even let you take that deal tells me they will screw you over.

fellowniusmonk 5y ago
Real talk, I read stuff like this and it fills me with a sense of despair. Is this ease of raising just something people say or does it really match to people's experience? I mean I have several companies under my belt that made great money, I have several startup where the MVP is done or nearly done (because I took time off during the first year of covid and programmed out a bunch of backburner projects) and another that is done and live that would represent a re-entry into a market I already did exceedingly well on (I have the k1s to prove it.) And quite frankly, other than filling out an application for ycombinator (got to the final round a few years back for a telephony project but they picked twilio founders instead, haven't gotten to the interview round again as a solo founder), I have no idea how to get started. I didn't come from money, and my parents died when I was in my early twenties so is this "ease of raising" true but just for MIT/Stanford/Harvard grads and that section of society? There are no founder meetups in my city anymore because of covid and idk how to get started from my house. I mean I've done well for myself, I'm in the top 1% of my american social cohort for earnings, but I want to raise funds and I just don't how to start anymore.

5 ms·

Echoing a lot of what others said, I would 100% drop this entirely and walk away. The deal you described is a terrible deal even if one of them was giving you a

by carlosdp 5y ago

fellowniusmonk 5y ago
Real talk, I read stuff like this and it fills me with a sense of despair. Is this ease of raising just something people say or does it really match to people's experience? I mean I have several companies under my belt that made great money, I have several startup where the MVP is done or nearly done (because I took time off during the first year of covid and programmed out a bunch of backburner projects) and another that is done and live that would represent a re-entry into a market I already did exceedingly well on (I have the k1s to prove it.) And quite frankly, other than filling out an application for ycombinator (got to the final round a few years back for a telephony project but they picked twilio founders instead, haven't gotten to the interview round again as a solo founder), I have no idea how to get started. I didn't come from money, and my parents died when I was in my early twenties so is this "ease of raising" true but just for MIT/Stanford/Harvard grads and that section of society? There are no founder meetups in my city anymore because of covid and idk how to get started from my house. I mean I've done well for myself, I'm in the top 1% of my american social cohort for earnings, but I want to raise funds and I just don't how to start anymore.