Posterous (YC S08) launches dead simple group blogs, raises angel round(techcrunch.com)
techcrunch.com
Posterous (YC S08) launches dead simple group blogs, raises angel round
http://www.techcrunch.com/2008/12/22/dead-simple-posterous-gets-a-round-of-funding-and-launches-group-blogs/
23 comments
How big of a deal is to raise money from a few angel investors vs. a single VC? If you get one angel investor, do they pull in a few of their friends that usually invest with them?
YC startups in general are more well suited for angel rounds than Series A. Angel rounds usually mean less dilution and a ton more flexibility. For us, we're getting a lot more valuable advice, connections and help from real engineers/entrepreneurs/founders who have built lasting companies before.
You talk to as many investors as you can, get a lead angel investor to negotiate terms, then build the round out with other angels who want to invest. Your lead angel(s) will help you find more people as well.
You talk to as many investors as you can, get a lead angel investor to negotiate terms, then build the round out with other angels who want to invest. Your lead angel(s) will help you find more people as well.
I agree with you on the merits; and the connections & advice from many people who have been there, done that -- trumps the other options.
Can you expand a bit more on the flexibility part either here or offline? Did you also consider VC's such as Founders Fund, First Round Capital, Maples, Union Square, etc?
Thanks, and good luck!
Can you expand a bit more on the flexibility part either here or offline? Did you also consider VC's such as Founders Fund, First Round Capital, Maples, Union Square, etc?
Thanks, and good luck!
Definitely, feel free to follow up offline, my contact is in my profile.
Can you say who the lead was?
Satish Dharmaraj of Zimbra was our lead angel investor. Really great entrepreneur AND hacker.
More so you should get more then one angel investor interested and talking to you ...from there others will follow. Same with VCs .. there not interested until you have a few of their friends or other firms interested in your start-up.
Awesome. Why is there a limit of 3 blogs per account though?
Also, is there a way to merge two existing accounts (I signed up under different emails so that I could create more than one posterous blog)?
Also, is there a way to merge two existing accounts (I signed up under different emails so that I could create more than one posterous blog)?
We'll be adding ways of getting more than 3 soon, and we'll also roll out an automated way of merging.
We could have waited, but this release was so huge and really one shipped feature is worth two in the Git repo. =)
EDIT: Here's the workaround for now. Just add your other email addresses as contributors. You'll be able to post using both accounts.
We could have waited, but this release was so huge and really one shipped feature is worth two in the Git repo. =)
EDIT: Here's the workaround for now. Just add your other email addresses as contributors. You'll be able to post using both accounts.
"One shipped feature is worth two in the Git repo"
Damn straight, couldn't agree more. Thanks for the dynamism :-)
Damn straight, couldn't agree more. Thanks for the dynamism :-)
Are you guys doing anything to prevent people from forging email headers? It just occurred to me that forging a "from" header is pretty easy, which might allow you to post to someone else's blog...?
There is a section on that in their FAQ. If they see one of the telltale signs of a spoof they send you a confirmation email asking if you really posted. Sounds effective to me.
How to make a Tumblr account a group blog:
1. Send all the people who you want to join your unique Tumblr account email address (i.e. [email protected])
2. That's it. :)
1. Send all the people who you want to join your unique Tumblr account email address (i.e. [email protected])
2. That's it. :)
expected. congrat!
Congrats guys. That's a large angel round, and the list looks like good people too.
Really great product - well done guys!
well played and congrats! loving all the success stories coming out of YC. keep up the solid work.
congrats, posterous!
congrats sir!