Why I turned down investor money for my startup(pandodaily.com)

20 pointsby torrenegra13 anni fa7 comments

Why I turned down investor money for my startup

http://pandodaily.com/2013/04/24/why-i-turned-down-investor-money-for-my-startup/

3 comments

It should be noted that pandodaily.com didn't turn down investor money:

"I’ve also raised a bunch of cash from some of the people I respect most in the industry. This includes: Marc Andreessen, Peter Thiel, Tony Hsieh, Zach Nelson, Andrew Anker, Chris Dixon, Saul Klein, Josh Kopelman, Jeff Jordan and Matt Cohler, all investing as individuals. Also investing are a handful of seed funds including the CrunchFund, Greylock Discovery Fund, Accel’s Seed Fund, Menlo Ventures Talent Fund, Lerer Ventures, SV Angels and Ooga Labs."

http://pandodaily.com/2012/01/16/why-i-started-pandodaily/

OGinparadise13 anni fa

That makes their site suspect IMO. I probably would have done the same but I am willing to bet my last dollar that they'll be nicer to start-ups funded by their funders. And yes, I've read the declarations of impartiality.

yesimahuman13 anni fa

Does anyone have any more info on getting a business line of credit? What kind of cash flow are banks looking for to give that? My company has recently started generating some solid revenue, and I'd love to take some of these opportunities since we are largely bootstrapped.

al1x13 anni fa

if you've got revenue you should be able to pull something. it's the pre-revenue people who get turned down.

niggler13 anni fa

Best bet is to look at local credit unions and regional banks.

pedrogk13 anni fa

Alex: in case one goes for a team of advisors rather than VCs, what kind of compensation should I plan for them to have? equity? monthly fee? friendship points?

rhizome13 anni fa

In terms of the article posted yesterday[1], you want to pay them as little as possible. Keep them hungry instead of fat and happy.

1. https://news.ycombinator.com/item?id=5589867