Re:Firebase fundraising lessons learned
by il on Thursday June 21, 2012 @11:35PM
(#4145254)
Why do you think that? If you're focusing 100% on raising money and taking meetings every day, 4-5 weeks spent fundraising is about average, at least in Silicon Valley.
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If I'm reading his post correctly, it took Gabriel Weinberg 4 months to raise his round, and he still called it quick and painless: http://www.gabrielweinberg.com/blog/2011/10/what-i-learned-f...
Angel and VC are completely different fundraising processes.
An angel might commit to invest $50K after one 45 minute meeting. A VC could give you $5M, but it will always take multiple meetings, thorough due diligence, the approval of all the partners, etc.
In your opinion, what is the best way to contact an angel?