Hacking Your First Investment Round
April 18th, 2008 Posted in Entrepreneurship, Silicon Valley, Startups, Venture Capital
The guys over at Venture Hacks have some good points regarding raising that first round of investment – often called the “friends, family and fools” round.
Key takeouts:
* Leave your ego off the table and don’t fixate on valuation;
* Have a realistic view of how much you need to get to a quality value inflection point (so you can raise more or close a significant revenue generating partnership)
* Lead your own way (don’t be a follower) – this is the message of the video tagged onto the end of their post.
Best one liner: YC has set new lows for seed round valuations. AND set new highs for helping seed stage companies.
[picture courtesy of prologue]
April 18th, 2008 at 9:18 am
Aloha, this is Nivi from Venture Hacks. This is a great summary — you said it better than we did. =)
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