Re:FundersClub: An online platform for making angel investments
by asanwal on Saturday July 28, 2012 @12:49AM
(#4304713)
But demo day really isn't their market is it? Demo day is YC companies with tons of amazing access to capital with pretty great terms (Milner, A16Z and Ron Conway cash) and a group of other attending investors who aren't interested in writing $1000 checks.
If they could convince YC companies to forego the available money and use their platform instead, that would be a coup for sure. But that seems unlikely.
Re:FundersClub: An online platform for making angel investments
by talsraviv on Saturday July 28, 2012 @10:41AM
(#4305618)
Good point. But it is the world's best opportunity to get leading investors on the platform to make an investment or two to give it a level of credibility others have not reached. That itself is a mini network effect problem but having them all in one room makes it much easier.
Having the world's leading angel investors on the platform would be one of the keys to establishing a successful two-sided network.
The YC spotlight is particularly perfect for this concept because of demo day. They might be the only startup that can get all their most important and prominent target customers (and thought leaders) in one room, very shortly after launching.