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The partners are based in Israel + Paris (no one in the US), which makes things complicated with time zones of they are investing in North American companies.
by Matt_Mickiewicz 13y ago
The partners are based in Israel + Paris (no one in the US), which makes things complicated with time zones of they are investing in North American companies.
A request for "weekly updates" is also quite burdensome on founders, and they also have the optionality of a board seat (also unusual for investments at this stage).
- tinbad 13y agoMy previous startup was based in the US and our investors were in Europe. The time difference wasn't an issue at all, an inconvenience at most (getting on a 7am call after a coding marathon, we've all been there). What I learned from getting an investor from Europe is lack of connections in the SV/USA which could be a disadvantage for some startups.
- midnitewarrior 13y agoI would think anybody who hands over $150k gets the courtesy of an hour phone call a week. Considering that you wouldn't have to spend weeks / months doing the show-and-tell to dozens of potential investors, I think that's a small price to pay.
- jber 13y agoI think we invested in 60 US companies ;-) No problem to discuss with them. We don't always need to do that in real time. Email is good for 99% of subjects.
- jber 13y agoAbout weekly updates, I think it's critical for founders to have to write a 3 lines weekly update but not only for us, investors, but also for their team , cofounders and themselves. It's helping focusing on the right thing each week and increase performance. Some of our founders are sending an update every 48 hours...