From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

#1

Post by ankitoberoi » Thu, Oct 30, 2014, 12:55 PM UTC

From Zero to Fifty: How AdPushup Closed $632K in Angel Investment
adpushup.com

Re: From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

#2

Post by kamikazi » Thu, Oct 30, 2014, 2:42 PM UTC

Very impressive Ankit. Really liked your hack to go cold emails. Even InMobi cold-called all the way to KPCB! So it's not unheard of. All the best on journey ahead.

Bit of a noob Qn: Is it the norm to have as much as 50 investors in your Angel round? Or are you guys an exception in that too? How do startups deal with so many people after funding? In investor updates and followups, sharing figures, revenues, execution strategy and then following up on those discussions. Is it all done kinda light-touch?

Re: From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

#3

Post by manishsharan » Thu, Oct 30, 2014, 2:51 PM UTC

Thank you so much for a great article. It is very inspiring to read that you guys managed such awesome traction and growth rate before you closed that angel round. Could you share how you hacked your growth rate before funding ?

Re: From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

#4

Post by [deleted] » Thu, Oct 30, 2014, 2:56 PM UTC

[deleted]

Re: From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

#5

Post by pptr1 » Thu, Oct 30, 2014, 3:06 PM UTC

Thanks for writing this Ankit. This will help tons of people.

Re: From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

#6

Post by ankitoberoi » Thu, Oct 30, 2014, 3:29 PM UTC

kamikazi wrote: post #2

Very impressive Ankit. Really liked your hack to go cold emails. Even InMobi cold-called all the way to KPCB! So it's not unheard of. All the best on journey ahead. Bit of a noob Qn: Is it the norm to have as much as 50 investors in your Angel round? Or are you guys an exception in that too? How do startups deal with so many people after funding? In investor updates and followups, sharing figures, revenues, execution…

Thanks! From what we've been told, 50 is somewhat large - I personally don't know of any other startup which has done that, in an angel round.

We'll have a dashboard for each investor and if something requires investor approval - it comes from a select few, who have the Power of Attorney from the rest of the group.

Re: From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

#7

Post by ankitoberoi » Thu, Oct 30, 2014, 3:31 PM UTC

manishsharan wrote: post #3

Thank you so much for a great article. It is very inspiring to read that you guys managed such awesome traction and growth rate before you closed that angel round. Could you share how you hacked your growth rate before funding ?

Thank you for reading! Here's an article on how we're built traction before the round: http://www.adpushup.com/blog/how-were-getting-tons-of-beta-s...

Re: From Zero to Fifty: How AdPushup Closed $632K in Angel Investment

#8

Post by breakinggood » Thu, Oct 30, 2014, 3:42 PM UTC

It’s interesting how con men’s confidence games are now being upvoted and celebrated by the Hacker News community. The celebration of bait and switch tactic in these emails is indicative of how shady startup culture is getting.

There is no sacred ground to maintain trust. Social proof, vanity metrics, out right lying is all fair game in this wild west. This is how credibility crumbles. This is how the startup scene becomes overwhelmingly a market of lemons as honest folks get pushed to the wayside and sociopaths rise amongst the chaos.