My Adventures Raising VC - AMA
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What does your company do?
What would you need the money for that 60k/month could not provide eventually?
What would you need the money for that 60k/month could not provide eventually?
I prefer to stay anonymous as maybe one day we might talk with one of the above again.
Our goal is $100mm/yr in 6 years - $60k/mo is very very tiny compared to that goal. The $ we were trying to raise would be to hire a much larger team and scale out. So instead of hiring 30 right away, we are now hiring 1 or so a month.
Our goal is $100mm/yr in 6 years - $60k/mo is very very tiny compared to that goal. The $ we were trying to raise would be to hire a much larger team and scale out. So instead of hiring 30 right away, we are now hiring 1 or so a month.
I left out about 10-15 VCs we are currently still speaking to or I can't remember. Currently we have no funds committed to our Series A and looks like we might not be able to raise. Luckily, we are profitable, but growing slower than I'd like.
In no particular order:
Sean Marsh - Point Judith - No response.
Mark Suster - GRP - Very difficult through email - very helpful if you can get in front of him.
All of Foundry Group - #1 VC IMO - super helpful even though we aren't in their theme.
Alfred Lin (cold email) - Sequoia - Very nice & honest.
Charlie O'Donnell (cold email) - First Round Capital - Nice, helpful, busy.
David Skok - Matrix - Very nice, responded to all emails promptly.
Jon Flint - Polaris - No Response.
Jeremy Liew - Lightspeed - Very busy, nice & honest on phone.
Tony Conrad - True Ventures - Quick response time, quick no as we weren't in a market he knew.
Michelle Goldberg - Ignition - Not friendly at all - maybe we got her on a bad day.
Ian Sigalow - Greycroft - Friendly on phone - didn't respond to follow up email.
Axel Bichara - Atlas - Very nice even though he knew he wouldn't invest.
Patricia Nakache (cold email) - Trinty - Helpful as she could be.
Jim Robinson - RRE - No response.