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Posterous (YC S08) launches dead simple group blogs, raises angel round

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Re: Posterous (YC S08) launches dead simple group blogs, raises angel round

#4

Post by rantfoil »

swombat wrote: post #2

Awesome. Why is there a limit of 3 blogs per account though? Also, is there a way to merge two existing accounts (I signed up under different emails so that I could create more than one posterous blog)?

We'll be adding ways of getting more than 3 soon, and we'll also roll out an automated way of merging.

We could have waited, but this release was so huge and really one shipped feature is worth two in the Git repo. =)

EDIT: Here's the workaround for now. Just add your other email addresses as contributors. You'll be able to post using both accounts.

Re: Posterous (YC S08) launches dead simple group blogs, raises angel round

#5

Post by swombat »

rantfoil wrote: post #4
swombat wrote: post #2

Awesome. Why is there a limit of 3 blogs per account though? Also, is there a way to merge two existing accounts (I signed up under different emails so that I could create more than one posterous blog)?

We'll be adding ways of getting more than 3 soon, and we'll also roll out an automated way of merging. We could have waited, but this release was so huge and really one shipped feature is worth two in the Git repo. =) EDIT: Here's the workaround for now. Just add your other email addresses as contributors. You'll be able to post using both accounts.

"One shipped feature is worth two in the Git repo"

Damn straight, couldn't agree more. Thanks for the dynamism :-)

Re: Posterous (YC S08) launches dead simple group blogs, raises angel round

#7

Post by paul9290 »

prakash wrote: post #6

How big of a deal is to raise money from a few angel investors vs. a single VC? If you get one angel investor, do they pull in a few of their friends that usually invest with them?

More so you should get more then one angel investor interested and talking to you ...from there others will follow. Same with VCs .. there not interested until you have a few of their friends or other firms interested in your start-up.

Re: Posterous (YC S08) launches dead simple group blogs, raises angel round

#8

Post by rantfoil »

prakash wrote: post #6

How big of a deal is to raise money from a few angel investors vs. a single VC? If you get one angel investor, do they pull in a few of their friends that usually invest with them?

YC startups in general are more well suited for angel rounds than Series A. Angel rounds usually mean less dilution and a ton more flexibility. For us, we're getting a lot more valuable advice, connections and help from real engineers/entrepreneurs/founders who have built lasting companies before.

You talk to as many investors as you can, get a lead angel investor to negotiate terms, then build the round out with other angels who want to invest. Your lead angel(s) will help you find more people as well.

Re: Posterous (YC S08) launches dead simple group blogs, raises angel round

#9

Post by prakash »

rantfoil wrote: post #8
prakash wrote: post #6

How big of a deal is to raise money from a few angel investors vs. a single VC? If you get one angel investor, do they pull in a few of their friends that usually invest with them?

YC startups in general are more well suited for angel rounds than Series A. Angel rounds usually mean less dilution and a ton more flexibility. For us, we're getting a lot more valuable advice, connections and help from real engineers/entrepreneurs/founders who have built lasting companies before. You talk to as many investors as you can, get a lead angel investor to negotiate terms, then build the round out with oth…

I agree with you on the merits; and the connections & advice from many people who have been there, done that -- trumps the other options.

Can you expand a bit more on the flexibility part either here or offline? Did you also consider VC's such as Founders Fund, First Round Capital, Maples, Union Square, etc?

Thanks, and good luck!

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