AngelList Braces for Rainy Days as Startup Seed Funding Falls • Hacker News Board

Re: AngelList Braces for Rainy Days as Startup Seed Funding Falls

#81

Post by logicallee » Sat, Sep 17, 2016, 1:45 PM UTC

ci5er wrote: post #76

logicallee wrote: post #75

Earlier quoted context omitted.

So I would agree that $10B in seed funding is next to zero, and yes, that is my point, however I think you are overestimating it by a (decimal) order of magnitude, and that is worldwide. I think worldwide there was less than $1B in seed funding in any year. That should be easier to falsify if you can do so! I would be interested in your data sources or methodology if you succeed in showing this.

That's an interesting claim! I will go see what I can see. As for a starting point, I'll probably dig around CB insights, pitchbook, angellist, and the Center for Venture Research at UNH (New Hampshire). Then go from there. If you are right, that's a very very interesting result.

all right! Definitely please don't include series A but personally I'm not sure whether I should consider kickstarter and co to be seed rounds - maybe? I am very curious about what you find in the sources you've already mentioned (without including series A rounds), though, and hope you will give an update!

Re: AngelList Braces for Rainy Days as Startup Seed Funding Falls

#82

Post by ci5er » Sat, Sep 17, 2016, 1:53 PM UTC

logicallee wrote: post #81

ci5er wrote: post #76

Earlier quoted context omitted.

That's an interesting claim! I will go see what I can see. As for a starting point, I'll probably dig around CB insights, pitchbook, angellist, and the Center for Venture Research at UNH (New Hampshire). Then go from there. If you are right, that's a very very interesting result.

all right! Definitely please don't include series A but personally I'm not sure whether I should consider kickstarter and co to be seed rounds - maybe? I am very curious about what you find in the sources you've already mentioned (without including series A rounds), though, and hope you will give an update!

I hadn't even thought of including kickstarter-and-friends, partly because the companies aren't selling equity. I'm not including any sort of corporate spin-out either.

The lines have gotten so blurry compared to 20 years ago (entrepreneural creativity in action?), so sorting out the wheat and chaff is harder. More data - less definition.

Re: AngelList Braces for Rainy Days as Startup Seed Funding Falls

#83

Post by logicallee » Sat, Sep 17, 2016, 2:31 PM UTC

ci5er wrote: post #82

logicallee wrote: post #81

Earlier quoted context omitted.

all right! Definitely please don't include series A but personally I'm not sure whether I should consider kickstarter and co to be seed rounds - maybe? I am very curious about what you find in the sources you've already mentioned (without including series A rounds), though, and hope you will give an update!

I hadn't even thought of including kickstarter-and-friends, partly because the companies aren't selling equity. I'm not including any sort of corporate spin-out either. The lines have gotten so blurry compared to 20 years ago (entrepreneural creativity in action?), so sorting out the wheat and chaff is harder. More data - less definition.

fair enough! I'll check this thread and see if you update it, if you do have time to look more :)

Also if you'd like you can email me at the address in my profile, this thread is getting nested very deep.

Re: AngelList Braces for Rainy Days as Startup Seed Funding Falls

#84

Post by ci5er » Sat, Sep 17, 2016, 2:39 PM UTC

ci5er wrote: post #82

logicallee wrote: post #81

Earlier quoted context omitted.

all right! Definitely please don't include series A but personally I'm not sure whether I should consider kickstarter and co to be seed rounds - maybe? I am very curious about what you find in the sources you've already mentioned (without including series A rounds), though, and hope you will give an update!

I hadn't even thought of including kickstarter-and-friends, partly because the companies aren't selling equity. I'm not including any sort of corporate spin-out either. The lines have gotten so blurry compared to 20 years ago (entrepreneural creativity in action?), so sorting out the wheat and chaff is harder. More data - less definition.

The thread is deep (as you say in this comment's sibling), so I will email the longer commentary...

Briefly, most of the published analysis is top-down and less is bottom-up. People seem to bundle Seed+Series-A in most places. There's a lot of talk about medians without a deal-count. There are counts for numbers of deals with a size exceeding some threshold, but that doesn't give us what we're looking for.

Here's a chart - US only: - https://files.pitchbook.com/images/Angel.Seed%20Activity.png

At about a thousand deals at about a million bucks, that's bumping the $1B mark, but doesn't break $2B.

Re: AngelList Braces for Rainy Days as Startup Seed Funding Falls

#85

Post by sotojuan » Sat, Sep 17, 2016, 5:04 PM UTC

cloudjacker wrote: post #62

sotojuan wrote: post #38

Earlier quoted context omitted.

Nope. Like I said, I was actually successful with Angel List—you just have to have a good profile and either write good introductions or contact the company directly. It could just use a cleanup and moderation.

You should try a recruitment agency. What you went through is nothing to brag about.

I guess you're right. The internship search was bad, but the job search was okay. The two jobs I found replied quickly, were professional, and provided good offers. You're probably right in that I got used to companies not replying for months, so I'll keep a recruiting agency open as an option next time.

Re: AngelList Braces for Rainy Days as Startup Seed Funding Falls

#86

Post by rdlecler1 » Sun, Sep 18, 2016, 1:31 PM UTC

kapilkale wrote: post #19

swanson wrote: post #16

> Investors can buy a share of the fund, called the Access Fund, for $100,000 or more. This is really interesting to me, but I wish it were at a $10k level. That would be a no-brainer shift for me to move some money going into Vanguard into this, but I'm in that weird spot where I'm not rich enough to have $100k to toss around but am maxing out a Roth IRA and looking for more upside.

Agreed; we do this for regulatory reasons. We've got a limit on how many investors we can have per fund, and we can't sidestep that requirement by spinning up duplicate funds. The high minimum investment is our equivalent of surge pricing. We're working on it, though!

Are you seeing any regulatory openings here? We (www.agfunder.com) think that indexing is a much better approach for individual investors looking to get some exposure to an asset class like venture.