How Justin Kan fundraises

Post by confiscate » Thu, Feb 22, 2018, 1:22 AM UTC

lpolovets wrote: post #45

confiscate wrote: post #40

Earlier quoted context omitted.

Better example. Imagine, as an investor: - an Early Stage, pre-traction startup gave a pitch to you at a meeting - you came out feeling "default not invest" (i.e. if nothing new happens you won't invest) - you later emailed them a Factual question - they replied with an elaborate Graph/Pie/Chart with lots of numbers to clarify some detail, that the founders decided were not important enough to be in the original pitc…

Good question. Speaking just for me: if I leave feeling "default not invest" then I will just write a pass email. If I leave feeling interested but wanting to know more, that's when I will ask more questions. If it's 2-5 questions, it'll probably be over email. If it's >5, I'll probably suggest a quick call instead. Factual answers have sometimes swayed me in a positive direction when I'm skeptical about some number…

Post by tebugst » Thu, Feb 22, 2018, 8:45 AM UTC

pwaai wrote: post #41

jacquesm wrote: post #9

Earlier quoted context omitted.

Exactly. It's FOMO rather than anything tangible, which can work quite well as long as you don't mess up completely. Anybody remember color.com? https://www.fastcompany.com/3002341/color-failed-what-happen... I don't think Bill Nguyen would be able to repeat that sort of raise.

I find that a lot of articles shared on HN along the lines of "This is how you do X" conveniently cherry picks anecdotes from the perspective of an individual blind to their own intrinsic edge and attempts to generalize which poses many problems for the average reader. For example, charging people before you make a software product. Very rarely can you convince someone you never met over the phone or email to give yo…