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Comments on Geeking with Greg: Starting Findory: Funding





Updated: 2017-12-14T07:09:15.803-08:00

 



Greag, thank you for posting this piece. Inspired ...

2008-06-08T20:44:00.000-07:00

Greag, thank you for posting this piece. Inspired by your post, I wrote up my own analysis on whether founders should go the angel, VC, or bootstrap route:
http://anand.typepad.com/datawocky/2008/06/angel-vc-or-bootstrap.html



an., you ask what is an angel?well, the answer can...

2008-05-11T21:01:00.000-07:00

an., you ask what is an angel?

well, the answer can be found in one of the references from the post:

http://www.paulgraham.com/guidetoinvestors.html



Please, what or who is an "angel"?

2008-05-11T17:43:00.000-07:00

Please, what or who is an "angel"?



Just for a minute, reading the title of the blog p...

2008-05-10T23:36:00.000-07:00

Just for a minute, reading the title of the blog post, I assumed that Findory had got VC funding.
I was happy for that one minute.



Having spoken to and met with a few experienced VC...

2008-05-10T12:00:00.000-07:00

Having spoken to and met with a few experienced VC's by this point, I would agree that most early-mid stage startups should be looking for angels.

Most VC's (and the kind of VC's you want to find) are looking for opportunities where the management team is in place, the product is tested, working and ready to be marketed to a wider audience. They can also help a maturing startup partner with and / or close the deal on a sale to a larger company. They are the icing on the cake you and your trusted angels are responsible for baking.

Thanks for the excellent article.




2008-05-10T09:09:00.000-07:00

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What a great post, and should be mandatory reading...

2008-05-10T00:54:00.000-07:00

What a great post, and should be mandatory reading for all embryonic/very early stage start-ups. We experienced exactly this (being in a not disimilar situation to you), and whilst going after vc's was valuable in many ways it's been very wasteful from a time perspective. The angel scene where we are isn't exactly mature (for consumer internet), and that probably contributed to the vc-first strategy (angels are around though, just takes more networking/digging to find them). A few start-ups may get lucky with vc-first (but as vc's look later-stage/lower risk, this will diminish), but seems to me that the smart advice is angel-first, and if you meet any vc's who are interested during the process (as they invariably will be, as they'll want to know what you're up to if it looks interesting; don't confuse this with intent though) then that's fine. But don't make it the main focus.



Yeah... Wouldn't have Jeff Bezos been the most lo...

2008-05-09T22:52:00.000-07:00

Yeah... Wouldn't have Jeff Bezos been the most logical choice? But the ultimate problem is/was the revenue source, the business model, no? You really have to be very big to make meaningful sums from advertising, and getting to that size is not always fun and easy.



Thank you for writing about your VC experience. I ...

2008-05-09T16:49:00.000-07:00

Thank you for writing about your VC experience. I guess we learn best by doing. Now you know, and just by writing this post you are helping countless others. Consider it an expensive form of community service to other entrepreneurs. Thanks!



We're currently in talks with VCs, much earlier th...

2008-05-09T16:22:00.000-07:00

We're currently in talks with VCs, much earlier than expected. They've come knocking on our doors, and in the excitement, we've opened up that door. After reading this, I'm beginning to think we should just focus on angels as you say. That was the strategy in the beginning, and we let ourselves get distracted. Hmmm...dilemma.



Mistake #1: Doing a startup in Seattle.Not that it...

2008-05-09T15:01:00.000-07:00

Mistake #1: Doing a startup in Seattle.
Not that it's not possible but it's a *steeper* uphill all the way by not being in the Valley.