Posterous (YC S08) launches dead simple group blogs, raises angel round

Re:Posterous (YC S08) launches dead simple group blogs, rais... by rantfoil on Monday December 22, 2008 @09:15AM (#406371)

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.

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Re:Posterous (YC S08) launches dead simple group blogs, rais... by prakash on Monday December 22, 2008 @09:33AM (#406385)

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!

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Re:Posterous (YC S08) launches dead simple group blogs, rais... by rantfoil on Monday December 22, 2008 @03:03PM (#406815)

Definitely, feel free to follow up offline, my contact is in my profile.

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Re:Posterous (YC S08) launches dead simple group blogs, rais... by mattmaroon on Tuesday December 23, 2008 @03:47AM (#407404)

Can you say who the lead was?

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Re:Posterous (YC S08) launches dead simple group blogs, rais... by rantfoil on Tuesday December 23, 2008 @04:45AM (#407431)

Satish Dharmaraj of Zimbra was our lead angel investor. Really great entrepreneur AND hacker.

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