4 ms·
I wish this had existed years ago. To raise a $150k round from an angel group, it took me 10x the time (150 days). I spent countless hours on dog-and-pony shows
by robterrell 13y ago
I wish this had existed years ago. To raise a $150k round from an angel group, it took me 10x the time (150 days). I spent countless hours on dog-and-pony shows, negotiations, documents, contracts, lawyers, and ended up with ridiculous amounts of drama around the board composition, placating founders, and literally weeks of driving around to pick up individual checks from the angel club members... to ultimately gain investors whose interests weren't really aligned with ours and, aside from writing a check, did nothing to help to company.
I'm not saying we walked uphill both ways in the snow to get a round of funding... but it's definitely easier right now. Hope YV and Kima is more representative of a new normal than a passing fad.