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The headline suggests that it was their choice of London as a fundraising location that almost killed their startup but I don't think that's true. While it's ce
by jackgavigan 12y ago
The headline suggests that it was their choice of London as a fundraising location that almost killed their startup but I don't think that's true. While it's certainly more difficult to raise money in London than in San Francisco, the real problem seems to be that they ignored a critical piece of advice:
> The lead investor encouraged us to get it closed quickly and not try to do anything fancy.
Having said that, it's deeply disappointing that they still haven't heard back from HMRC on the advance assurance for SEIS.
- dwightgunning 12y agoIndeed, you can basically stop reading the article at that sentence. Always get the round closed quickly and don't try anything fancy.