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Value the company at $3million, raise the capital through two or three angels, giving away 15% of equity in total. Involving VCs could mean problems exiting lat
by puzzle-out 18y ago
Value the company at $3million, raise the capital through two or three angels, giving away 15% of equity in total. Involving VCs could mean problems exiting later down the line. You don't mention if you came through YC - even if this is not the case, the company sounds like a YC startup, and so its worth targetting angel investors who have had successful exits with YC companies in the past.
- wensing 18y agoNo, we did not come through YC. We did attend Startup School 2007 and we did apply, but it wasn't to be. Thanks for the advice; this is sort of what we have in mind.