How I Met 75 Investors and Raised $650,000
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How I Met 75 Investors and Raised $650,000
1–10 of 54 posts
Re: How I Met 75 Investors and Raised $650,000
#2Congrats!
Concern: is 650k after 75 investors inefficient?
Re: How I Met 75 Investors and Raised $650,000
#3Congrats, Aihui!
Re: How I Met 75 Investors and Raised $650,000
#4Congrats! Concern: is 650k after 75 investors inefficient?
I don't think it's a concern. The investors were out there all along, she just had to find them. Talking about efficient/inefficiency doesn't make much sense here.
Re: How I Met 75 Investors and Raised $650,000
#5That is some serious tenacity - love it!
Re: How I Met 75 Investors and Raised $650,000
#6Congrats! Concern: is 650k after 75 investors inefficient?
It's more efficient than 75 investors and $0.
Though seriously, there are no overnight successes and no-one is just going to give you $1m regardless of what we read on HN.
I don't have my notebook at hand to cite the exact number, but Matthew Prince of Cloudflare pitched to something like 60 or 70 investors. This was with Project Honeypot in the bag, and a stack of existing users via that, and the basis for what became Cloudflare tested.
My point is: Even with the idea and execution you're not just going to get the investment.
I think the real thing that Aihui achieved in a short time was to demonstrate determination, perseverance... and in the words of Mark Suster ( http://www.bothsidesofthetable.com/2010/11/15/invest-in-line... ) showed that her company (led by her) is a line going up and to the right, rather than a dot. It was most likely the weekly check-ins and constant hard grind at the communication that helped her get the investment.
Re: How I Met 75 Investors and Raised $650,000
#7[deleted]
Re: How I Met 75 Investors and Raised $650,000
#8It's the terms of that $650k that matter...
Re: How I Met 75 Investors and Raised $650,000
#9Congrats! Concern: is 650k after 75 investors inefficient?
It's more efficient than 75 investors and $0. Though seriously, there are no overnight successes and no-one is just going to give you $1m regardless of what we read on HN. I don't have my notebook at hand to cite the exact number, but Matthew Prince of Cloudflare pitched to something like 60 or 70 investors. This was with Project Honeypot in the bag, and a stack of existing users via that, and the basis for what beca…
But is it more efficient than 0 investors and $0? It seems like if most people doing startups are having 70 investor meetings they could be better spending that time working on the product right? I think cloudflare is kind of an outlying example here.
Re: How I Met 75 Investors and Raised $650,000
#10Being a single founder how did the business travel during those 3 months of what must have been near fulltime fundraising?