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IF Gabriel is reading this: How did you meet the VCs/Angels you already knew?
--Entrepreneurs who have been funded before from going to events and getting intros through other people over the years.
--I really didn't know many VCs. I met a few through entrepreneurship events in Philly. One through an angel friend a while back. And one I worked for 10 years ago.
I hope you guys are working on a pro-privacy email service
How much did he raise again? He says he didn't get meetings until after the August vacation period. And announced the funding October 13th. Does it really only take 6 weeks to put together a multi-million (?) dollar round?
As for August, I did get meetings before, it just caused trouble because some meetings I couldn't get before, or there would be large period between meetings, which hurts momentum. And that all adds up to it being harder to align the time-line across multiple firms.
The only thing that could make his advice inaccurate is that he was raising money for such a good startup. And in particular, one with traction. As he points out, traction trumps everything. So this is essentially a report on what it was like to travel through VC land in the express lane. The scary thing is, even then it took 4 months. It might have gone faster if he'd been on the west coast, but it still would have been a big time suck.
I am always extremely impressed by Gabriel Weinberg's honesty and transparency. He's literally not "selling anything" here. This is just a gift to his fellow entrepreneurs.
That being said, is it possible to see the actual six slides deck ?
Thanks!
Hi epi0Bauqu! Congrats! That being said, is it possible to see the actual six slides deck ? Thanks!
I am always extremely impressed by Gabriel Weinberg's honesty and transparency. He's literally not "selling anything" here. This is just a gift to his fellow entrepreneurs.
Well, he is advertising his company. Like HN, it's a marketing activity, but one that also has a value-creation component, not merely an attention-grab.
This is good. As someone who's watched this process many times, I can tell you he learned pretty much everything there is to learn about raising VC the first time through. The only thing that could make his advice inaccurate is that he was raising money for such a good startup. And in particular, one with traction. As he points out, traction trumps everything. So this is essentially a report on what it was like to tr…
Conversely, what consistently decreases the amount of time spent closing a round?