Congrats guys. That's a large angel round, and the list looks like good people too.
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
#22How 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…
Can you say who the lead was?
Re: Posterous (YC S08) launches dead simple group blogs, raises angel round
#23Earlier quoted context omitted.
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…
Can you say who the lead was?
Satish Dharmaraj of Zimbra was our lead angel investor. Really great entrepreneur AND hacker.
Re: Posterous (YC S08) launches dead simple group blogs, raises angel round
#24Well done Garry and Sachin. I was always super impressed with how well you guys execute. Congratulations!
Thanks! Wait... oh. Sorry.