Re:Xobni raises $4.26M to let you improve your email habits
by Constantine on Monday March 26, 2007 @09:12PM
(#6493)
Wow, that is an amazing amount, I will be very interested to see what they can accomplish with this amount, I checked out their site and it makes me very hopeful!
Re:Xobni raises $4.26M to let you improve your email habits
by zach on Monday March 26, 2007 @03:32PM
(#6427)
Wow, quite a lot of money to raise for a YC company, isn't it? Vinod Khosla is a million percent more knowledgeable than I, so obviously they've got it going on at Xobni. But why a $4M first round?
Re:Xobni raises $4.26M to let you improve your email habits
by zkinion on Wednesday March 28, 2007 @01:11AM
(#6842)
I KNEW THIS WOULD HAPPEN!!!
At startup school, at the end, Adam was giving some advice of making a bold statement at the start, then scaling it down telling you how you're going to get there. That was great salesmanship, and GREAT advice. Most of what I heard during startup school and from talking to other entrepeneurs was vague ideas, just a jumble of thoughts.
In business, presentation counts for alot. Don't forget this. Ever.
This seems like an extraordinary amount of money.
The inside scoop is that Vinod sneezed when he was opening his wallet and that's the pocket money he had on him.
Really though I think it's probably so they don't ever have to take another round before they're profitable or exit.
It would be in their interest to take as little money as possible early on, so that they give up less of the company's equity.
Then - later when the business model has proven itself - and the valuation is higher - take on additional capital.
You'll be giving up much more equity if you take a million in funding in the first round, instead of the third.
At startup school, at the end, Adam was giving some advice of making a bold statement at the start, then scaling it down telling you how you're going to get there. That was great salesmanship, and GREAT advice. Most of what I heard during startup school and from talking to other entrepeneurs was vague ideas, just a jumble of thoughts.
In business, presentation counts for alot. Don't forget this. Ever.
You're a riot! --star