4 ms·
Ask YC: How quickly did you close your seed/angel round?
From starting to pitch to investors/angels to closing the round and receiving the money, how long did it take you? Note this is for smaller seed rounds (<500K), not series A.
I basically want to know how quickly it can be done, but realistic.
- aaroneous 18y agoTook us about 5 months for a convertible note round.
- shafqat 18y agoThat seems quite long. I thought debt financing was especially quick. Term sheets are supposed to be 2 pages instead of 15. But I guess you can't believe everything you read!
- aaroneous 18y agoRaising money is a time-consuming process and it took me longer than I expected, but that seems to be the norm for first-timers. IIRC our agreement was 7 or 8 pages.