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Ask HN: How can I get investor intros in Berlin?

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Re: Ask HN: How can I get investor intros in Berlin?

#61
post #17

Earlier quoted context omitted.

Expand to europe. Ot at least the Netherlands

Where in the Netherlands would be a good idea to check out?

I think he's saying the opposite: expand the thesis that you can't raise money without social proof beyond Germany to the Netherlands.

Re: Ask HN: How can I get investor intros in Berlin?

#62
I have read through this thread and I have concluded that it is unlikely for me to make meaningful connections at our stage, or any stage, in Europe.

For the people wondering, we are building a connected device that users want and which poops money for us and for users. Based on my research this is not a value proposition that is of interest to venture capitalists.

Re: Ask HN: How can I get investor intros in Berlin?

#63

Whats the product?

It is a high-end, connected, smart-home type hardware product that slowly poops bars of gold for its users while giving them great utility (which outsiders may or may not appreciate), and also poops bars of gold for us, and for our partners (without ad impressions or selling the information of our users). You could draw some parallels with Nest, but we would not like to leave our users stranded following an acquisition/sunsetting, so it is designed to continue indefinitely in such a scenario.

Re: Ask HN: How can I get investor intros in Berlin?

#66
post #19

Hanging out at co-working spaces, incubators, startup meetups/tech meetups can often be a good place to start, regardless of local.

I found that a huge waste of time. Most of the time you'll meet people with the same problems as you have (not having the capacity nor the network to help you out). I would try to network directly through people and get as much warm intros as possible. If you can't get an intro to business angels, start with intros to CEOs, if you can't get that, start by climbing up the tree. If that means to start with "cold calls/…

Noted - thank you.

Re: Ask HN: How can I get investor intros in Berlin?

#67
post #26

Silly question: Are you German? Do you have an academic degree? I ask because then you have some options for a state sponsored fellowship.

No, we are not German. We are a distributed team and would like to make connections in Germany "the startup capital of Europe" but if this is impossible we will just bootstrap and then later raise money in America like everyone else.

Re: Ask HN: How can I get investor intros in Berlin?

#68

There are a lot of people on here telling you it's not going to happen, but I'm going to assume you have a fundable idea and a track record in the domain needed to deliver your idea. Submit your deck to angel syndicates. If it's good, they'll invite you to a pitch event. You can find plenty of advice online about what you need to cover in your deck. A decent angel syndicate could easily do 50K-75K EUR and be able to…

Could you be more specific than "angel syndicate"? Thank you.

We do have a track record of shipping in this domain.

Re: Ask HN: How can I get investor intros in Berlin?

#69
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Re: Ask HN: How can I get investor intros in Berlin?

#70
post #56

Earlier quoted context omitted.

This "why an investor is going to put money in you if your family and friends don't do it" question has been around for long in the startup 'hype' lingo, but I'm very curious if this has actually ever worked for founders that don't come from wealthy backgrounds, or from families with sizable savings (something that is a mirage for middle class families). If you need 50-75K, perhaps it's better to just go for 100K€ (b…

The question is, what you need 50k for. For a office? Do it at home. For people? 50k is nothing. You get half an engineere for a year. 50-100k can mean that you have friends working with you, or it can be that you moved back to your parents to work fulltime on it. It is such a small number in the business world, its strange that someone thinks that 100k can make a real difference.

> 50k is nothing. You get half an engineere for a year.

If you think a minute about that sentence, I think you'll realize that that depends on where those engineers live.

100K€ can allow 2-3 people to quit their jobs to work (for a year on low pay) on the features requested by their paying customers, or hiring an offshoring firm to build what they can't, or just having money to apply for government grants or cover real-world business expenses (provisional patents, technical infrastructure, lawyers, accountants, promotion).

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