Re:Naval Ravikant: Hack Your Funding Process
by aditya on Tuesday March 22, 2011 @07:00AM
(#2353805)
(Hi! Jonathan - thanks for doing this, this stuff is pure gold.)
Continuous Fundraising is a pretty radical idea. Basically, you never close your seed round since you're doing a note and the terms are fairly standard, so you just keep getting small checks from a large number of angels. Less pressure and hassle. Big win for entrepreneurs. As Naval says, you raise 50k/month for 6-12 months and you're all set.
Re:Naval Ravikant: Hack Your Funding Process
by iamelgringo on Tuesday March 22, 2011 @07:44AM
(#2353895)
(Thanks, Dude. I really need to get back and hang with the H&F NYC crew again. Does the weather still suck?)
re: Continuous Fund raising.
It is a pretty radical idea, and I really like it. It takes a bit of the pressure off the "One big round" model, and moves the focus to "Always be pitching" mode, which I think is probably healthier, and more productive for startups.
The only caveat I've heard of is when the startup runs out of money and is struggling. At that point, not having a lead investor who is keeping tabs on the company and who is willing to go the extra mile to raise additional capital for the company is going to be detrimental.
Re:Naval Ravikant: Hack Your Funding Process
by coopr on Tuesday March 22, 2011 @12:08PM
(#2354996)
So, "always be fundraising" and "always be recruiting" and "always be learning from customers" and "always be improving product/market fit" and "always don't go broke" and so on?
I can understand parallel-tracking some of these things, but if you do too much at once, don't you end up doing nothing well because you waste so much time task and focus-switching?
Re:Naval Ravikant: Hack Your Funding Process
by kfarr on Tuesday March 22, 2011 @02:00PM
(#2355517)
Hey, sorry to hear of the video difficulties. I'm one of the cofounders of VidCaster.com, we power the H&F video site. Can you send us a note at support [at] vidcaster [dot] com about the issue you experienced?
Re:Naval Ravikant: Hack Your Funding Process
by mgrouchy on Tuesday March 22, 2011 @09:00AM
(#2354111)
So weird, was just listening to his Mixergy interview this morning(I will say it again, Andrew Warner is killing it with Mixergy, its such an awesome project/resource/business).
Sadly can't watch this one because it won't load. I assume its currently experiencing an irregular amount of traffic. Is it working for anyone else?
Re:Naval Ravikant: Hack Your Funding Process
by kfarr on Tuesday March 22, 2011 @02:29PM
(#2355715)
Hey, I'm one of the crew with VidCaster.com, we power the H&F video site. Could you send a quick email to support [at] vidcaster [dot] com about the playback issue you experienced?
Re:Naval Ravikant: Hack Your Funding Process
by kfarr on Tuesday March 22, 2011 @09:16PM
(#2357439)
Sweet thanks for that data point. We're migrating to a distributed set of web instances (working on that this evening in fact) which will significantly improve capacity.
Re:Naval Ravikant: Hack Your Funding Process
by iamelgringo on Tuesday March 22, 2011 @06:21AM
(#2353737)
I know. We're getting a new logo made STAT.
We've been using that logo at Hackers and Founders meetups for the last 3 years, since we're the HN meetup in Silicon Valley: http://www.hackersandfounders.com. I actually ran it passed pg a few years ago, and he didn't complain.
But, now that we're pushing 3,000 members, we really need to change the logo. We really aren't affiliated with YC in any way. And, newcomers are starting to get confused, which is bad.
Re:Naval Ravikant: Hack Your Funding Process
by alain94040 on Tuesday March 22, 2011 @12:39PM
(#2355140)
If you missed Naval this time, he'll be at the Founder Conference on May 3rd in Mountain View (with a bunch of other great guests). http://thefounderconference.com
Continuous Fundraising is a pretty radical idea. Basically, you never close your seed round since you're doing a note and the terms are fairly standard, so you just keep getting small checks from a large number of angels. Less pressure and hassle. Big win for entrepreneurs. As Naval says, you raise 50k/month for 6-12 months and you're all set.
re: Continuous Fund raising.
It is a pretty radical idea, and I really like it. It takes a bit of the pressure off the "One big round" model, and moves the focus to "Always be pitching" mode, which I think is probably healthier, and more productive for startups.
The only caveat I've heard of is when the startup runs out of money and is struggling. At that point, not having a lead investor who is keeping tabs on the company and who is willing to go the extra mile to raise additional capital for the company is going to be detrimental.
I can understand parallel-tracking some of these things, but if you do too much at once, don't you end up doing nothing well because you waste so much time task and focus-switching?
If you learn well through video, this is very worth the hour of your time.
Sadly can't watch this one because it won't load. I assume its currently experiencing an irregular amount of traffic. Is it working for anyone else?
We've been using that logo at Hackers and Founders meetups for the last 3 years, since we're the HN meetup in Silicon Valley: http://www.hackersandfounders.com. I actually ran it passed pg a few years ago, and he didn't complain.
But, now that we're pushing 3,000 members, we really need to change the logo. We really aren't affiliated with YC in any way. And, newcomers are starting to get confused, which is bad.