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Angel funding is often very different than VC funding. Considering that tweetdeck appears to have been the work of a single person so far, angel funding could
by brk 18y ago
Angel funding is often very different than VC funding.
Considering that tweetdeck appears to have been the work of a single person so far, angel funding could make a lot of sense. $500,000 should carry them a long way without all the "overhead" that typically comes with VC funding.
- pclark 18y agocan you elaborate? what do you think the investor saw when he invested? not necessarily an exit per se?
- brk 18y agoHe could have seen many things, but most likely saw 1 highly productive dude that could likely crank out a $3-4MM "company" on a shoe string. Angel investors/groups are often individuals who want to contribute mentoring as much as money. In many cases, it's like a hobby to them, a way to stay engaged in a business/market without really having to get into the full headache of running/starting a company.