I felt like I wasted time reading this. It was someone with a terrific network talking about how amazing he is (yet with limited substantiation how that translated to success), with shitty DALL-E artwork interspersed between paragraphs. Yawn. Been there, seen that.
Everything I wish I had known about raising a seed round
91–95 of 95 posts
Re: Everything I wish I had known about raising a seed round
#92Earlier quoted context omitted.
>>with even VCs straight-up telling us that if we were raising in US we'd be offered 5-10x more than here Serious question: Then why even remotely bother raising from European VCs? Doing so is clearly not in your best interest. Is it a matter of pride?
Serious answers (from someone who just raised €10M from European VCs for a pre-revenue, pre-launch company): 1) While US investors can and will invest in Europe, they are more likely to do so at a later stage. 2) Not everybody wants to move to the US on a pipedream, particularly those with family, kids, and roots on this side of the Atlantic. Again, at later stages, when there is more stability to the company, this c…
Having raised a (preish) seed round on Europe, I'd like to add that it's even quite common in Europe that they expect you to be able to raise some first money (lead investor) in your home country first. Raising remotely (country wise) is definitely a much bigger challenge, at least in early phases.
Re: Everything I wish I had known about raising a seed round
#93Earlier quoted context omitted.
I'll ask - what's your startup? As an American living in Europe who really doesn't want to move back this is disheartening to say the least. Moving here did basically mean taking a sledgehammer to my career, admittedly.
Check the link in bio! In a way it is, the more you know about the US tech scene - the more it feels like you're handicapped in Europe - especially if you're not living in a tech hub.
It's weird. I do remote work for a US company from the middle of Ireland. I make more than virtually exerybody I know here, and less than any of my friends in tech back in CA. Comparison is the thief of joy I guess.
Re: Everything I wish I had known about raising a seed round
#94Sorry but is this a f*ing satire article? Ex-google ex-apple guy calls up his VC friends to ask how to raise a $5M (!!!!) seed round? For god's sake. It's something straight out of the Silicon Valley TV series.
He just needed to "neg" some VCs by crapping on them to get a better term sheet.
Re: Everything I wish I had known about raising a seed round
#95Earlier quoted context omitted.
How the hell can they justify this habit of telling a developer what they can and can't work on in their own time, or making any claim to it afterwards just because someone worked at company X during the same time they made side project Y? The whole tendency seems grossly onerous and unjustifiable to me.
This is precisely it, you get it.
Then why is there no widespread pushback against this idiocy? It's grossly unfair and seems like a lite version of some notion of serfdom, by which you belong to your emplo0yer just because you spend part of your day working for them during some time period.