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A few years ago it became fashionable for large VC’s to do seed funding. With open source software (LAMP stack) and cloud computing infrastructure it just wasn’t that expensive to get your company going and founders just wanted to raise less money. What exactly is seed funding anymore? What gives?
How else can you explain this headline matching a story about a professional socialnetwork still trying to explore revenues raising $17mm on an $80mm valuation? Did I mention it only took the founder a month? Most founders that get funded know their backers or have close connections to them well before they officially "pitch.".
Finding cofounders is a biggy, and because 99.9% link] What’s the right amount of seedmoney to raise? I’ve designed a pattern to extract a user’s preference from posts in my socialnetworking site, then I shall share this to others. Dividing equity between founders » Home. startupcto
This includes seed funding Automattic (who produce WordPress, the blog I use for this website) and investing in formspring.me, stickybits, Thing Labs (producer of Brizzly), KissMetrics and many others including Quantcast. So how is Mike able to do this at a time where others have warned against taking seedmoney from VC funds?
In their quest for sustainable growth, the elusive dream for most first time founders is that first funding. High growth startup companies need seedmoney to get things going. This can either come from the founder(s) own bank account or from outside investors. They risk money they can afford to lose. high growth.
He is also the founder of Hallspot , a new socialnetworking site exclusively for college students that has raised hundreds of thousands in seedmoney and will launch on September 27 at Thorne’s alma mater, where more than 6,000 students have pre-registered for the service.
I had the pleasure of teaching a new case at HBS yesterday on foursquare that I co-authored with Professors Tom Eisenmann and Mikolaj Piskorski as part of Tom's new course "Launching Technology Ventures". million in its series A financing and kept the burn rate at less than $100k per month to make he money last.
“I wouldn’t expect anyone except seed investors to complain about it,” Graham says. “Founders don’t think their problems are due to trends. And in fact, overall trends are a second-order effect for founders.” Sarah Lacy is the founder and editor-in-chief of PandoDaily. Sarah Lacy.
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