Live data from Hacker News

How I Met 75 Investors and Raised $650,000

aihuiong.com

31–40 of 54 posts

Re: How I Met 75 Investors and Raised $650,000

#31
post #29

Please don't get me wrong, but it seems a lot of work in the wrong thing instead of developing and improving the product, even more wrong if you are a solo. Just my opinion.

Maybe I'm misunderstanding, but $650k seems like a huge return on 3 months of one person's work, which they can then pour back into the product, hopefully improving it far more than they could've in 3 months without $650k.

Re: How I Met 75 Investors and Raised $650,000

#32
post #24

Earlier quoted context omitted.

Maybe it's just me, but I always thought wearing your company t-shirt makes you look obnoxious, specially if no one has heard of the company.

it is just you (kidding). How would they hear of you? Why not wear a t-shirt! T-shirts are a pretty low-cost investment in promotion. I can buy a black shirt with a single color imprint for $3.50 in small runs. A good pen with the company name on it would cost the same. (source: I have been buying giveaway crud for 20+ years) Giving away a metric ton of shirts can have some other interesting effects. In the early day…

Where do you usually get shirts?

Re: How I Met 75 Investors and Raised $650,000

#33
post #12

1) Wear your Company T-shirt heh. I've actually thought about this a lot. I always wear a company shirt, yeah, but I also tend to wear the same clothing all the time, too, on the theory that it makes me more recognizable, and that being recognized is good. My theory (which may, of course, be wrong) is that in branding? being consistent and recognizable is far more important than looking good. But then, I'm trying to…

You wear the same clothing everyday so you are more recognisable?

That's not normal and is certainly not required.

Re: How I Met 75 Investors and Raised $650,000

#34
post #29

Please don't get me wrong, but it seems a lot of work in the wrong thing instead of developing and improving the product, even more wrong if you are a solo. Just my opinion.

OP is a middlebrow dismissal, but I'll bite. She went through 500startups, so it's pretty likely she wants to go through the VC path. Looking at the site and the product (sample food monthly subscription like birchbox but for food), the challenge is not do people like this or does the business model work, but how can I scale from 500 subscribers to 50,000 subscribers to get economies of scale and become profitable. Focusing on getting money to acquire new customers over focusing on improving design/product makes a lot of sense in this specific case.

Re: How I Met 75 Investors and Raised $650,000

#35
post #26

Earlier quoted context omitted.

Why would they raise money otherwise? Not much point in raising +$500k if you plan to stay solo and coding at home.

You could hire lower-level dev staff, and you'll probably need some marketing and admin people, most of whom would be less expensive, and free more time up for a second round of fundraising (assuming that's a goal).

Why would you reduce your chances of success by hiring inexperienced developers?

Sure, ok. Hire one experienced person to train & supervise some fresh-outs, and solve the harder problems.

Re: How I Met 75 Investors and Raised $650,000

#37
post #24
post #12

1) Wear your Company T-shirt heh. I've actually thought about this a lot. I always wear a company shirt, yeah, but I also tend to wear the same clothing all the time, too, on the theory that it makes me more recognizable, and that being recognized is good. My theory (which may, of course, be wrong) is that in branding? being consistent and recognizable is far more important than looking good. But then, I'm trying to…

Maybe it's just me, but I always thought wearing your company t-shirt makes you look obnoxious, specially if no one has heard of the company.

I think wearing your company t-shirt is a good way to get conversations started and would be especially effective if no one has heard of the company.

Re: How I Met 75 Investors and Raised $650,000

#39

"One thing Singaporeans love to talk about is FOOD and I made sure our conversation was filled with that." Isn't your company called LOVE WITH FOOD? Aren't you supposed to talk about food regardless?

In the context of that quote, she was referring to how that particular investor was from Singapore. So they might have talked about their favorite foods from their home as an ice-breaker?

Re: How I Met 75 Investors and Raised $650,000

#40

Meeting 75 investors is a great indication of much entrepreneurs (here Aihui) believe in what they are doing and ready to go to what extent. Rejections can get on to you and worst is when they start making you doubt the very purpose of what you are doing. It becomes difficult to fuel yourself with passion all the time. Some of the meetings even get you great feedback (along with VC boilerplates). But alls well that e…

It takes a special kind of person, or a fanatical belief in yourself or the product/company, to handle rejection after rejection after rejection. Supreme confidence in the company and the ability to channel that confidence to investors can be as valuable as a great engineer.
Post reply on HN