Re:Ask HN: Has anyone ever gotten funding from this website?
by pg on Thursday January 29, 2009 @06:23PM
(#457348)
I'm not sure what the cause is. I've just noticed that I never come across startups who've been funded by them.
If I had to guess, I think the problem might be the investors they attract. None of the top angels I know would join an angel group; they're all already plugged into the startup world, usually because they came from it themselves.
We all see hundreds of angel groups all over the world. There must be thousands or even tens of thousands of angel investors. How come "Angel groups generally are worthless"? Unable to make decisions? Poor management? No funds to invest? People just fishing for good ideas? etc?
I know a lot of people have tried something like "E-bay for Funding Startups" but not to much success. What's the major obstacle here?