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Investors In Our $400,000 Seed Round And How We Met Them
- gnat 15y agoThe title says 19 investors, the body says 17 investors. Why the difference?
- jc4p 15y agoTwo of the entries have two people in them ;) They bundled Thomas Korte and Gokul Rajaram since they're the founders of AngelPad and they bundled Gady Nemirovsky and Robert Fanini since they're the founders of Inspiration VC.
- joshfraser 15y agoOne common thread I noticed is AngelList. It's hard to overstate the important role AngelList has these days in connecting early startups with valuable mentors and investors.
- LeonW 15y agoHi Josh, you are absolutely right, AngelList has been crucial for us and it is an amazing platform, we are hugely thankful for Nivi and Naval who are putting all the hard work in!
- OoTheNigerian 15y agoAwesome dudes. I think the most important thing is having this number of strategic allies. People might not know but Hiten was actually building a competing product (I cannot remember the name). So is anyone of them joining the board? was there any lead investor? So a few days before getting kicked of of the US you pick up this loot? Awesome!
- LeonW 15y agoHaha, so great to see you here Oo! Yes, there is actually no lead investor, we just collected smaller checks, so we can stay in control. At the same time, we have given up no board seat! :) You got it exactly right, we did all the most important things one should be doing in Silicon Valley and are now leaving (the money comes with us), but we will be back in a few months! :)
- x3c 15y ago19 Investors in the seed round and some of them are listed as full time advisors. Could it be that there are too many chefs in the kitchen? There was a great article that I read (by Joel Spolsky, I think but not sure) about the structure of a tech team and the right balance between alpha and beta dog developers (terms used in the article); could that be applied here? If someone remembers the article, link would be much appreciated.
- betobetico 15y agoGood luck guys!
- Geekette 15y agoCongrats! I'm curious to know: have you had or do you anticipate administrative headache/timesuck in having to liaise with 19 different investors + previous investors (via Angelpad)? Or since you've expanded, do you have 1 person dedicated to this?