Misadventures in VC Funding: The $24 Million Moz Almost Raised
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Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#2Why would a Seattle company try to raise in NYC vs. Silicon Valley?
Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#3Why would a Seattle company try to raise in NYC vs. Silicon Valley?
It's only an extra 3 hours by air.
Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#4So...who's Neil?
Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#5Why would a Seattle company try to raise in NYC vs. Silicon Valley?
If you read the piece, you can see that we were actually approached by investors in a bunch of geographies - SF, the Valley, Boston, NYC, even San Diego. We ended up signing something with a firm in NY, but were not geographically biased in accepting inbound interest.
Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#6A great inside view.
I'm particularly impressed by Rand's ability to keep his spirits up; as one who has been through similar, I know how soul-crushing it can be, if you let it. Kudos.
Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#7Only tangentially related to the post: you know that bit about firms ridiculously underinvesting on SEO? This has been true over and over and over again in my experience. If you somehow manage to avoid that pathology, you will eat your competitors' lunches.
Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#8A great inside view. I'm particularly impressed by Rand's ability to keep his spirits up; as one who has been through similar, I know how soul-crushing it can be, if you let it. Kudos.
Nothing against Rand or SEOmoz, and to be sure I'm sorry they had to go through the mess he describes, but if I were running a company with nearly $12 million in annual revenue and an 83% gross margin, it'd take a pretty serious cataclysm to crush my soul.
Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#983% gross margin and only $1m in net profit per year? Isn't that a bit low for a tech company? (no mean to be harsh, just questioning)
Re: Misadventures in VC Funding: The $24 Million Moz Almost Raised
#10What I found interesting: They pay nearly 200k/month for 200+ Amazon servers (though it's not clear what other costs, like ops, are factored in).