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Actually, the minimal amount this particular angel group invests is $200k. They classify themselves more as a "angel round" group than an initial "seed round" g
by jsjenkins168 19y ago
Actually, the minimal amount this particular angel group invests is $200k. They classify themselves more as a "angel round" group than an initial "seed round" group. Again I think this comes down to risk avoidance.
Just curious, do you have experience raising capital? I am quickly discovering it is much harder than I previously thought. Its just not as easy as contacting organizers and having them hear you out. I think YC is extremely valuable to founders in this regard. But chances of being funded by them is unfortunately even less likely (statistically at least).
- alain94040 19y agoHi, I went in front of angel groups, VCs, etc... I'd never pay for the introduction. That's a really bad sign that something is wrong. Think of it this way: that group is now more motivated to get lots of unqualified candidates to apply, rather than find good investments. I know it's tough to get your foot in the door, because you start from knowing no one, and it feels like only friends of friends get funded. It could take you a year to go out and meet investors and start to build your own reputation, so do it before you have a project to pitch. Really.
- RyanGWU82 19y agoI have a small amount of experience raising capital. Very small. Earlier this year, I was working with a group that was able to get face time with some serious players without going to extremes. That said, we had some pretty good connections that we were able to leverage. I should probably caveat all my posts with something like this: "I am not an expert. I haven't started any companies that have made it to incorporation. Why are you listening to me?!" ;-)